All data can be found in an Excel download located on the student loan dataset page. Data is updated two months post the end of each quarter.
Datasets for student loan statistics
Overdue repayments
If a borrower does not meet some or all of their repayment obligations by the due date, the amount due but not paid becomes an overdue repayment. Late payment interest is charged on the overdue amount.
For information on current and historical rates of interest, see our page on student loan interest and fees.
Student loan interest and fees
Number of student loan borrowers with overdue repayments
This graph shows the number of New Zealand-based and overseas-based student loan borrowers with overdue repayments as at the end of each quarter.
This graph has multiple vertical bars tracking the number of New Zealand-based and overseas-based student loan borrowers with overdue repayments. The vertical axis shows the number of borrowers. The horizontal axis shows quarterly data from December 2012 to 31 December 2023.
As at 31 December 2023 the:
- Total number of New Zealand-based borrowers with overdue repayments increased by 5.4% from 23,158 in December 2022 to 24,416 in December 2023.
- Total number of overseas-based student loan borrowers with overdue repayments increased by 0.9% from 79,721 in December 2022 to 80,468 in December 2023.
- Total number of all student loan borrowers with overdue repayments increased by 1.9% from 102,879 in December 2022 to 104,884 in December 2023.
Note:
- A borrower is any person who has drawn from the Student Loan Scheme and not yet repaid in full.
Amount of overdue student loan repayments
This graph shows the amount of overdue student loan repayments for New Zealand-based and overseas-based borrowers as at the end of each quarter.
This graph has multiple vertical bars tracking the value of New Zealand-based and overseas-based student loan borrowers with overdue repayments. The vertical axis shows the value of overdue repayments. The horizontal axis shows quarterly data from December 2012 to 31 December 2023.
As at 31 December 2023 the:
- Overdue repayments for New Zealand-based borrowers increased by 10.9% from $0.147 billion in December 2022 to $0.163 billion in December 2023.
- Overdue repayments for overseas-based student loan increased by 8.1% from $1.964 billion in December 2022 to $2.124 billion in December 2023.
- Overdue repayments for all borrowers increased by 8.3% from $2.111 billion in December 2022 to $2.287 billion in December 2023.
Notes:
- If payments are not made on time, late payment interest may be charged. This is only charged on the overdue amount, and only if the overdue amount is $334 or more. It will keep being charged until borrowers have caught up with payments.
- For overseas-based borrowers, interest is calculated daily and added to the loan balance at the end of the year.
- A borrower is any person who has drawn from the Student Loan Scheme and not yet repaid in full.