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Student Loans January - March 2019

These figures are cumulative year-to-date figures. Therefore, the January to December figures are the relevant calendar year figures in the annual statistics table. For the purpose of these tables, 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. Percentage figures may not add up to exactly 100 percent because of rounding effects. All percentages are calculated using actual data and rounded to the nearest one decimal point. Three years of data and annual comparisons are presented in summary tables, earlier figures are included in the downloadable spreadsheets.

Loan components

From 1 January to 31 March 2019, there were 120,269 Student Loan borrowers, a decrease of 3.7 percent compared to same time last year. Total amount paid out for student loans was $781,892,036 or 1.3 percent higher than last year.

Student Loan numbers and amounts

Of the total number of borrowers, 83.2 percent borrowed to pay for course fees, 58 percent borrowed to help pay for living costs, and 53.3 percent borrowed for course-related costs.

Student Loan borrowers by loan component

Number of student loan borrowers, amounts paid out, and average loan amount, by loan component

Loan component 1 January to 31 March Annual Change
2017 2018 2019 2017-18 2018-19
Fees 125,077 99,622 100,011 -20.4% 0.4%
Course related costs 75,448 69,605 64,130 -7.7% -7.9%
Living costs 75,283 72,720 69,762 -3.4% -4.1%
Total number of student borrowers 138,058 124,867 120,269 -9.6% -3.7%
Amount paid out for fees $787,802,051 $636,508,383 $654,206,591 -19.2% 2.8%
Amount paid out for course related costs $66,955,151 $61,581,217 $56,551,044 -8.0% -8.2%
Amount paid out for living costs $58,768,735 $73,557,092 $71,134,401 25.2% -3.3%
Total amount paid out $913,525,937 $771,646,692 $781,892,036 -15.5% 1.3%
Average fees $6,299 $6,389 $6,541 1.4% 2.4%
Average course related costs $887 $885 $882 -0.2% -0.3%
Average living costs $781 $1,012 $1,020 29.6% 0.8%

Note 1: Total amount paid out includes payments for course fees, course related course and living costs.

Note 2: Payments for administration charges, and for repayments and refunds are not included in the above summary table but still available in the downloadable spreadsheet.

Note 3: Dollar amounts rounded to the nearest dollar.

Other Student Loan statistics

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