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Student Loans and Allowances: 2009
Embargoed until 10:45am  –  23 December 2010
Highlights
  • The number of students borrowing through the student loan scheme in 2009 increased by 20,211 (up 11.3 percent) to reach 198,723, the largest increase since the beginning of the scheme.
  • There were 61,269 new borrowers taking out a student loan in 2009, the largest number in a given year since the scheme began.
  • The number of students receiving an allowance in 2009 increased 25.4 percent to reach 80,703, the largest increase since 1999.
  • Bachelor graduates had an average leaving debt of $25,050 in 2008, up 3.6 percent compared with 2007.
  • Incomes one year after leaving study decreased by 2.5 percent for 2008 leavers compared with those who left study in 2007.
  • This decrease in income was most significant for students aged 24 years or less, down 7.1 percent, and for males, down 4.5 percent (females 0.8 percent), and reflects the impact of the recession on earnings in the labour market for those leaving study.
  • Students who completed a bachelor's qualification in 2004 earned 17.9 percent more five years after leaving study compared with those who studied at degree level but did not complete a qualification ($48,410 and $41,060, respectively).

 Graph, Student loan borrowers and allowance recipients, 2000-09.

Geoff Bascand 23 December 2010
Government Statistician ISSN 1178-0665
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