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Student Loans January - September 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 up 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 the downloadable spreadsheets.


Loan components

From 1 January to 30 September 2019, there were 145,960 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 $1,293,198,777 or 1.1 percent higher compared with the same time last year.

SL number and amount

Of the total number of borrowers, 122,941 students borrowed to pay for course fees, a slight decrease of 0.3 percent compared with the same period in 2018.

SL number by component

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

Loan component 1 January to 30 September Annual Change
2017 2018 2019 2017-18 2018-19
Course fees 154,901 123,325 122,941 -20.4% 0.3%
Course related costs 106,284 97,727 91,340 -8.1% -6.5%
Living costs 91,794 88,076 84,870 -4.1% -3.6%
Total number of student borrowers 166,624 151,205 145,960 -9.3% -3.5%
Amount borrowed for fees $989,746,441 $797,011,792 $811,946,024 -19.5% 1.9%
Amount borrowed for course related costs $101,903,658 $93,417,626 $87,133,192 -8.3% -6.7%
Amount borrowed for living costs $320,803,812 $389,104,607 $394,119,561 21.3% 1.3%
Total amount borrowed $1,412,453,911 $1,279,534,025 $1,293,198,777 -9.4% 1.1%
Average course fees $6,390 $6,463 $6,604 1.1% 2.2%
Average course related costs $959 $956 $954 -0.3% -0.2%
Average living costs $3,495 $4,418 $4,644 26.4% 5.1%

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 the downloadable spreadsheet.

Note 3: Amounts are rounded to the nearest dollar.


Other Student Loan statistics

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