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Student Loans and Allowances: 2006
Embargoed until 10:45am  –  28 February 2008
Highlights
  • The number of borrowers increased 8 percent from 154,404 in 2005 to 167,400 in 2006, the biggest annual percentage increase since 2001.
  • The average student loan leaving debt reached a high of $15,590 in 2005, up 6 percent from $14,730 in 2004.
  • The total number of students receiving an allowance rose for the first time since 2002, up 5 percent from 2005 to reach 58,194 in 2006.
  • Pacific peoples had repaid the smallest proportion of their leaving debt five years post-study, at 4 percent for students who left study in 2001.
  • Those who studied at wānanga and borrowed owed more in 2006 than when they left study in 2001.
  • Students that left study from engineering and related technologies qualifications at level 7 bachelors in 2001 had the highest average income five years post-study at $50,420, compared with $31,490 (the lowest) for students that left creative arts qualifications at level 7 bachelors.

Graph, Percentage of Student Loan Leaving Debt Repaid Five Years Post-study.  

 Dallas Welch (Mrs) 28 February 2008
Acting Government Statistician ISSN 1178-0665 
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