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Student Loans and Allowances: 2007
Embargoed until 10:45am  –  18 December 2008
Highlights
  • There were 173,766 borrowers in 2007 (60 percent females and 40 percent males) up 4 percent from 167,400 in 2006.
  • The average student loan leaving debt reached a high of $14,620 in 2006. For those that attended university, the average leaving debt was $20,180, 38 percent higher than the average for all students.
  • Males had an average leaving debt of $15,370 in 2006, 9 percent higher than for females ($14,090).
  • The total number of students receiving an allowance rose for the second year in a row, up 5 percent from 2006 to reach 61,230 in 2007.
  • Males who left study in 2002 received an average income of $39,060 in 2007, 20 percent more than females ($32,680).
  • The average income for those who left university in 2002 was $45,440 in 2007, 27 percent more than the average of $35,650 for all students.
  • The proportion of debt repaid within five years decreased from 22 percent for 2001 leavers to 21 percent for 2002 leavers.
  • The percentage of students who fully repaid their loan on leaving study decreased to 11 percent in 2006, down from 12 percent in 2005.

  Graph, Average Student Loan Leaving Debt.

 Geoff Bascand 18 December 2008  
 Government Statistician ISSN 1178-0665 
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