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Student Loans January - June 2019

For this report, a student is defined as a person who received at least one payment from StudyLink in the calendar year, up to the end of the specified reporting month. The data in this report are cumulative calendar year-to-date figures. All percentages are computed using actual data and rounded to the nearest one decimal point. Total percentages may not add to exactly 100 percent because of rounding effects. The last three years of data and annual comparisons are presented in summary tables, earlier figures are included in downloadable spreadsheets.


Loan components

From 1 January to 30 June 2019, there were 131,640 Student Loan borrowers, a decrease of 3.5 percent compared with the same time last year. The total amount borrowed for course fees, course related costs and living costs was $1,028,520,209 or 1.3 percent higher, compared with the same time last year.

SL number and amount

Of the total number of borrowers, 110,146 students borrowed to pay for course fees, down by 20.3 percent compared with the same period in 2017, before the introduction of fees-free policy in January 2018.

SL number by loan component
SL amount by loan component

Number of Student Loan borrowers, amount borrowed, and average amount borrowed, by loan component

Loan component 1 January to 30 June Annual Change
2017 2018 2019 2017-18 2018-19
Course fees 138,240 109,938 110,146 -20.5% 0.2%
Course related costs 89,337 82,693 77,077 -7.4% -6.8%
Living costs 82,516 79,498 76,778 -3.7% -3.4%
Total number of student borrowers 149,974 136,361 131,640 -9.1% -3.5%
Amount borrowed for fees $875,534,476 $707,093,302 $721,956,028 -19.2% 2.1%
Amount borrowed for course related costs $82,781,961 $76,356,612 $71,042,347 -7.8% -7.0%
Amount borrowed for living costs $192,075,150 $231,910,372 $235,521,834 20.7% 1.6%
Total amount borrowed $1,150,391,587 $1,015,360,286 $1,028,520,209 -11.7% 1.3%
Average course fees $6,333 $6,432 $6,555 1.6% 1.9%
Average course related costs $927 $923 $922 -0.4% -0.1%
Average living costs $2,328 $2,917 $3,068 25.3% 5.2%

Note 1: “Total amount borrowed” includes borrowings for course fees, course related costs and living costs.

Note 2: Administration charges/establishment fees, repayments and refunds are not included in the above summary table, but are still available in downloadable spreadsheet.

Note 3: Amounts are rounded to the nearest dollar.


Other Student Loan statistics

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