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Student loan scheme annual reports are jointly prepared by:

  • Inland Revenue
  • the Ministry of Education
  • the Ministry of Social Development.

You can read the reports and see additional statistics on the Ministry of Education's website.

Education Counts

 Student loan quarterly reports 2019 - 2020

The purpose of this report is to:

  • present a snapshot of the student loan information held by Inland Revenue
  • track quarterly changes in the student loan population.

Number of borrowers

Number of borrowers New Zealand-based borrowers Overseas-based borrowers Total
As at 30 September 2019 593,636 109,048 702,684

Nominal balance

Nominal balance is the loan balance held by Inland Revenue as at end of the quarter. The balance includes:

  • all outstanding loans
  • any penalties or interest
  • any credits that have yet to be processed.
Nominal loan balance New Zealand-based borrowers Overseas-based borrowers Total
As at 30 September 2019 $12,516m $3,449m $15,965m
Median loan balance New Zealand-based borrowers Overseas based borrowers Total
As at 30 September 2019 $15,053 $22,438 $16,067

Note: Figures may not add up due to rounding.

Range of loan balances

The range of loan balances is reported at the end of each financial year.

Repayments

The amount repaid includes all money received:

  • directly from borrowers (voluntary payments, payments from self-employed borrowers and overseas based borrowers)
  • from employers through deductions from salary or wage earners.
Repayment types Jul - Sept 2018($) Jul - Sept 2019($) % change
Repayments via employers 244,305,786 252,587,007 3.9
Repayments from borrowers 98,744,700 97,421,216 -1.3
New Zealand-based 39,586,290 35,848,123 -9.4
Overseas-based 59,148,410 62,513,093 4.1
Total 343,050,486 350,008,223 2

Repayment thresholds - New Zealand-based borrowers

New Zealand-based borrowers receiving salary or wages are required to repay 12 cents of every dollar earned over the pay period repayment threshold (eg, $374 per week). The deductions are considered to be sufficient and do not result in additional repayments provided they are within a determined threshold. If significant under-deductions occur, the employer is required to make compulsory extra deductions.

Borrowers who earn $1,500 or more of adjusted net income (income that’s not salary and wages and adjustments) and whose total income including salary or wages is $20,636 or more are required to make payments on this income.

Tax Year 2017-18($)  2018-19($) 2019-2020($) 
Threshold 19,136 19,448 19,760

Repayment thresholds - Overseas-based borrowers

Overseas-based borrowers repayment obligations were set to a fixed minimum based on their loan balance as at 31 March 2014 or, if they left New Zealand after this date, their departure date. The overseas-based repayment obligation will not decrease as the loan balance decreases, but can increase if the loan balance increases.

Total loan balance Repayment obligation($)
Under $1,000 Whole loan balance
$1,000 and up to $15,000 1,000
Over $15,000 and up to $30,000 2,000
Over $30,000 and up to $45,000 3,000
Over $45,000 and up to $60,000 4,000
Over $60,000 5,000

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.

Borrowers with overdue repayments as at New Zealand-based borrowers Overseas-based borrowers Total
30 September 2019 26,732 73,114 99,846
Amount overdue ($) as at New Zealand-based borrowers Overseas-based borrowers Total
30 September 2019 134,051,484 1,347,289,552 1,481,341,037

The purpose of this report is to:

  • present a snapshot of the student loan information held by Inland Revenue
  • track quarterly changes in the student loan population.

Number of borrowers

Number of borrowers New Zealand-based borrowers Overseas-based borrowers Total
As at 31 December 2019 580,955 110,429 691,384

Nominal balance

Nominal balance is the loan balance held by Inland Revenue as at end of the quarter. The balance includes:

  • all outstanding loans
  • any penalties or interest
  • any credits that have yet to be processed.
Nominal loan balance New Zealand-based borrowers Overseas-based borrowers Total
As at 31 December 2019 $12,300m $3,519m $15,820m
Median loan balance New Zealand-based borrowers Overseas based borrowers Total
As at 31 December 2019 $15,070 $22,731 $16,164

Note: Figures may not add up due to rounding.

Range of loan balances

The range of loan balances is reported at the end of each financial year.

Repayments

The amount repaid includes all money received:

  • directly from borrowers (voluntary payments, payments from self-employed borrowers and overseas based borrowers)
  • from employers through deductions from salary or wage earners.
Repayment types Oct - Dec 2018($) Oct - Dec 2019($) % change
Repayments via employers 250,366,823 256,312,599 2.4
Repayments from borrowers 76,956,403 77,210,201 0.3
New Zealand-based 31,843,111 33,442,628 5.0
Overseas-based 45,113,292 43,767,573 -3.0
Total 327,323,226 333,522,799 1.9

Repayment thresholds - New Zealand-based borrowers

New Zealand-based borrowers receiving salary or wages are required to repay 12 cents of every dollar earned over the pay period repayment threshold (eg, $374 per week). The deductions are considered to be sufficient and do not result in additional repayments provided they are within a determined threshold. If significant under-deductions occur, the employer is required to make compulsory extra deductions.

Borrowers who earn $1,500 or more of adjusted net income (income that’s not salary and wages and adjustments) and whose total income including salary or wages is $20,636 or more are required to make payments on this income.

Tax Year 2017-18($)  2018-19($) 2019-2020($) 
Threshold 19,136 19,448 19,760

Repayment thresholds - Overseas-based borrowers

Overseas-based borrowers repayment obligations were set to a fixed minimum based on their loan balance as at 31 March 2014 or, if they left New Zealand after this date, their departure date. The overseas-based repayment obligation will not decrease as the loan balance decreases, but can increase if the loan balance increases.

Total loan balance Repayment obligation($)
Under $1,000 Whole loan balance
$1,000 and up to $15,000 1,000
Over $15,000 and up to $30,000 2,000
Over $30,000 and up to $45,000 3,000
Over $45,000 and up to $60,000 4,000
Over $60,000 5,000

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.

Borrowers with overdue repayments as at New Zealand-based borrowers Overseas-based borrowers Total
31 December 2019 25,089 70,827 95,916
Amount overdue ($) as at New Zealand-based borrowers Overseas-based borrowers Total
31 December 2019 134,437,437 1,340,225,866 1,474,663,304

The purpose of this report is to:

  • present a snapshot of the student loan information held by Inland Revenue
  • track quarterly changes in the student loan population.

Number of borrowers

Number of borrowers New Zealand-based borrowers Overseas-based borrowers Total
As at 31 March 2020 594,911 109,644 704,555

Nominal balance

Nominal balance is the loan balance held by Inland Revenue as at end of the quarter. The balance includes:

  • all outstanding loans
  • any penalties or interest
  • any credits that have yet to be processed.
Nominal loan balance New Zealand-based borrowers Overseas-based borrowers Total
As at 31 March 2020 $12,724m $3,513m $16,237m
Median loan balance      
As at 31 March 2020 $15,267 $22,788 $16,283

Note: Figures may not add up due to rounding.

Range of loan balances

The range of loan balances is reported at the end of each financial year.

Repayments

The amount repaid includes all money received:

  • directly from borrowers (voluntary payments, payments from self-employed borrowers and overseas based borrowers)
  • from employers through deductions from salary or wage earners.
Repayment types Jan - Mar 2019($) Jan - Mar 2020($) % change
Repayments via employers 261,108,737 270,066,393 3.4%
Repayments from borrowers 94,984,000 99,664,087 4.9%
- New Zealand-based 41,270,091 47,296,028 14.6%
- Overseas-based 53,713,909 52,368,060 -2.5%
Total 356,092,737 369,730,481 3.8%

Repayment thresholds - New Zealand-based borrowers

New Zealand-based borrowers receiving salary or wages are required to repay 12 cents of every dollar earned over the pay period repayment threshold (eg, $380 per week). The deductions are considered to be sufficient and do not result in additional repayments provided they are within a determined threshold. If significant under-deductions occur, the employer is required to make compulsory extra deductions.

Borrowers who earn $1,500 or more of adjusted net income (income that’s not salary and wages and adjustments) and whose total income including salary or wages is $21,260 or more are required to make payments on this income.

Tax Year 2009-16($) 2017-18($) 2019 ($) 2020 ($) 2021 ($)
Threshold 19,084 19,136 19,448 19,760 20,020

Repayment thresholds - Overseas-based borrowers

Overseas-based borrowers repayment obligations were set to a fixed minimum based on their loan balance as at 31 March 2014 or, if they left New Zealand after this date, their departure date. The overseas-based repayment obligation will not decrease as the loan balance decreases, but can increase if the loan balance increases.

Total loan balance Repayment obligation($)
Under $1,000 Whole loan balance
$1,000 and up to $15,000 1,000
Over $15,000 and up to $30,000 2,000
Over $30,000 and up to $45,000 3,000
Over $45,000 and up to $60,000 4,000
Over $60,000 5,000

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.

Borrowers with overdue repayments as at New Zealand-based borrowers Overseas-based borrowers Total
As at 31 March 2020 28,387 67,939 96,326
Amount overdue ($) as at New Zealand-based borrowers Overseas-based borrowers Total
As at 31 March 2020 146,627,155 1,334,712,581 1,481,339,736

Student loan quarterly reports 2018 - 2019

The purpose of this report is to:

  • present a snapshot of the student loan information held by Inland Revenue
  • track quarterly changes in the student loan population.

Number of borrowers

Number of borrowers New Zealand-based borrowers Overseas-based borrowers Total
As at 30 September 2018 602,574 109,291 711,865

Nominal balance

Nominal balance is the loan balance held by Inland Revenue as at end of the quarter. The balance includes:

  • all outstanding loans
  • any penalties or interest
  • any credits that have yet to be processed.
Nominal loan balance New Zealand-based borrowers Overseas-based borrowers Total
As at 30 September 2018 $12,453m $3,360m $15,813m
Median loan balance New Zealand-based borrowers Overseas based borrowers Total
As at 30 June 2018 $15,018 $21,934 $15,915

Note:
Figures may not add up due to rounding.

Range of loan balances

The range of loan balances is reported at the end of each financial year.

Repayments

The amount repaid includes all money received:

  • directly from borrowers (voluntary payments, payments from self-employed borrowers and overseas based borrowers)
  • from employers through deductions from salary or wage earners.
Repayment types January - March 2016($) January - March 2017($) % change
Repayments via employers 229,204,920 244,305,786 6.6
Repayments from borrowers 103,643,870 98,744,700 -4.7
New Zealand-based 38,858,708 39,586,290 1.9
Overseas-based 64,789,162 59,158,410 1.9
Total 436,497,660 441,795,189 1.2

Repayment thresholds - New Zealand-based borrowers

New Zealand-based borrowers receiving salary or wages are required to repay 12 cents of every dollar earned over the pay period repayment threshold (eg, $374 per week). The deductions are considered to be sufficient and do not result in additional repayments provided they are within a determined threshold. If significant under-deductions occur, the employer is required to make compulsory extra deductions.

Borrowers who earn $1,500 or more of adjusted net income (income that’s not salary and wages and adjustments) and whose total income including salary or wages is $20,636 or more are required to make payments on this income.

Tax Year 2009-16($) 2017-18($)  2018-19($)
Threshold 19,084 19,186 19,448

Repayment thresholds - Overseas-based borrowers

Overseas-based borrowers repayment obligations were set to a fixed minimum based on their loan balance as at 31 March 2014 or, if they left New Zealand after this date, their departure date. The overseas-based repayment obligation will not decrease as the loan balance decreases, but can increase if the loan balance increases.

Total loan balance Repayment obligation($)
Under $1,000 Whole loan balance
$1,000 and up to $15,000 1,000
Over $15,000 and up to $30,000 2,000
Over $30,000 and up to $45,000 3,000
Over $45,000 and up to $60,000 4,000
Over $60,000 5,000

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.

Borrowers with overdue repayments as at New Zealand-based borrowers Overseas-based borrowers Total
30 September 2018 23,397 73,151 96,548
Amount overdue ($) as at New Zealand-based borrowers Overseas-based borrowers Total
30 September 2018 116,931,233 1,209,462,154 1,326,396,387

The purpose of this report is to:

  • present a snapshot of the student loan information held by Inland Revenue
  • track quarterly changes in the student loan population.

Number of borrowers

Number of borrowers New Zealand-based borrowers Overseas-based borrowers Total
As at 31 December 2018 591,293 110,533 701,826

Nominal balance

Nominal balance is the loan balance held by Inland Revenue as at end of the quarter. The balance includes:

  • all outstanding loans
  • any penalties or interest
  • any credits that have yet to be processed.
Nominal loan balance New Zealand-based borrowers Overseas-based borrowers Total
As at 31 December 2018 $12,252m $3,419m $15,672m
Median loan balance New Zealand-based borrowers Overseas based borrowers Total
As at 31 December 2018 $15,025 $22,109 $15,975

Note: Figures may not add up due to rounding.

Range of loan balances

The range of loan balances is reported at the end of each financial year.

Repayments

The amount repaid includes all money received:

  • directly from borrowers (voluntary payments, payments from self-employed borrowers and overseas based borrowers)
  • from employers through deductions from salary or wage earners.
Repayment types Oct - Dec 2017($) Oct - Dec 2018($) % change
Repayments via employers 239,425,996 250,366,823 4.6
Repayments from borrowers 74,897,369 76,959,403 2.7
New Zealand-based 27,803,867 31,843,111 14.5
Overseas-based 47,093,502 45,113,292 -4.2
Total 314,323,365 327,323,226 4.1

Repayment thresholds - New Zealand-based borrowers

New Zealand-based borrowers receiving salary or wages are required to repay 12 cents of every dollar earned over the pay period repayment threshold (eg, $374 per week). The deductions are considered to be sufficient and do not result in additional repayments provided they are within a determined threshold. If significant under-deductions occur, the employer is required to make compulsory extra deductions.

Borrowers who earn $1,500 or more of adjusted net income (income that’s not salary and wages and adjustments) and whose total income including salary or wages is $20,636 or more are required to make payments on this income.

Tax Year 2009-16($) 2017-18($)  2018-19($)
Threshold 19,084 19,136 19,448

Repayment thresholds - Overseas-based borrowers

Overseas-based borrowers repayment obligations were set to a fixed minimum based on their loan balance as at 31 March 2014 or, if they left New Zealand after this date, their departure date. The overseas-based repayment obligation will not decrease as the loan balance decreases, but can increase if the loan balance increases.

Total loan balance Repayment obligation($)
Under $1,000 Whole loan balance
$1,000 and up to $15,000 1,000
Over $15,000 and up to $30,000 2,000
Over $30,000 and up to $45,000 3,000
Over $45,000 and up to $60,000 4,000
Over $60,000 5,000

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.

Borrowers with overdue repayments as at New Zealand-based borrowers Overseas-based borrowers Total
31 December 2018 21,901 71,133 93,034
Amount overdue ($) as at New Zealand-based borrowers Overseas-based borrowers Total
31 December 2018 113,473,937 1,207,670,810 1,321,144,747

The purpose of this report is to:

  • present a snapshot of the student loan information held by Inland Revenue
  • track quarterly changes in the student loan population.

Number of borrowers

Number of borrowers New Zealand-based borrowers Overseas-based borrowers Total
As at 31 March 2019 605,138 110,304 715,442

Nominal balance

Nominal balance is the loan balance held by Inland Revenue as at end of the quarter. The balance includes:

  • all outstanding loans
  • any penalties or interest
  • any credits that have yet to be processed.
Nominal loan balance New Zealand-based borrowers Overseas-based borrowers Total
As at 31 March 2019 $12,695m $3,430m $16,115m
Median loan balance New Zealand-based borrowers Overseas based borrowers Total
As at 31 March 2019 $15,103 $22,156 $16,077

Note: Figures may not add up due to rounding.

Range of loan balances

The range of loan balances is reported at the end of each financial year.

Repayments

The amount repaid includes all money received:

  • directly from borrowers (voluntary payments, payments from self-employed borrowers and overseas based borrowers)
  • from employers through deductions from salary or wage earners.
Repayment types Jan - Mar 2018($) Jan - Mar 2019($) % change
Repayments via employers 246,459,153 261,108,737 5.9
Repayments from borrowers 99,572,100 94,984,000 -4.6
New Zealand-based 42,566,092 41,270,091 -3.0
Overseas-based 57,006,008 53,713,909 -5.8
Total 346,031,253 356,092,737 2.9

Repayment thresholds - New Zealand-based borrowers

New Zealand-based borrowers receiving salary or wages are required to repay 12 cents of every dollar earned over the pay period repayment threshold (eg, $374 per week). The deductions are considered to be sufficient and do not result in additional repayments provided they are within a determined threshold. If significant under-deductions occur, the employer is required to make compulsory extra deductions.

Borrowers who earn $1,500 or more of adjusted net income (income that’s not salary and wages and adjustments) and whose total income including salary or wages is $20,636 or more are required to make payments on this income.

Tax Year 2009-16($) 2017-18($)  2018-19($)
Threshold 19,084 19,136 19,448

Repayment thresholds - Overseas-based borrowers

Overseas-based borrowers repayment obligations were set to a fixed minimum based on their loan balance as at 31 March 2014 or, if they left New Zealand after this date, their departure date. The overseas-based repayment obligation will not decrease as the loan balance decreases, but can increase if the loan balance increases.

Total loan balance Repayment obligation($)
Under $1,000 Whole loan balance
$1,000 and up to $15,000 1,000
Over $15,000 and up to $30,000 2,000
Over $30,000 and up to $45,000 3,000
Over $45,000 and up to $60,000 4,000
Over $60,000 5,000

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.

Borrowers with overdue repayments as at New Zealand-based borrowers Overseas-based borrowers Total
31 March 2019 24,420 69,038 93,458
Amount overdue ($) as at New Zealand-based borrowers Overseas-based borrowers Total
31 March 2019 120,183,486 1,208,484,874 1,328,668,360

The purpose of this report is to:

  • present a snapshot of the student loan information held by Inland Revenue
  • track quarterly changes in the student loan population.

Number of borrowers

Number of borrowers New Zealand-based borrowers Overseas-based borrowers Total
As at 30 June 2019 599,678 108,840 708,518

Nominal balance

Nominal balance is the loan balance held by Inland Revenue as at end of the quarter. The balance includes:

  • all outstanding loans
  • any penalties or interest
  • any credits that have yet to be processed.
Nominal loan balance New Zealand-based borrowers Overseas-based borrowers Total
As at 30 June 2019 $12,607m $3,426m $16,033m
Median loan balance New Zealand-based borrowers Overseas based borrowers Total
As at 30 June 2019 $15,101 $22,448 $16,125

Note: Figures may not add up due to rounding.

Range of loan balances

The range of loan balances is reported at the end of each financial year.

   Volumes
Balance range  NZB OBB All
 $0 - $1,999 50,195 4,473 54,668
$2,000 - $3,999 44,561 4,636 49,197
$4,000 - $5,999 47,742 5,194 52,936
$6,000 - $7,999 42,761 5,377 48,138
$8,000 - $9,999 38,815 5,555 44,370
$10,000 - $14,999 74, 394 13,432 87,826
$15,000 - $19,999 59,612 10,814 70,426
$20,000 - $24,999 52,445 9,807 62,252
$25,000 - $29,999 40,264 8,199 48,463
$30,000 - $34,999 32,287 6,679 38,966
$35,000 - $39,999 26,207 5,517 31,727
$40,000 - $44,999 22,061 4,373 26,798
$45,000 - $49,999 16,576 3,927 20,503
$50,000 - $54,999 12,151  3,386 15,537
$55,000 - $59,999  9,810 2,747 12,557
$60,000 - $79,999 19,473 6,601 26,071
$80,000 - $99,999 6,194 3,435 9,629
$100,000 - $119,999 2,387 1,794 4,181
$120,000 - $139,999 1,084 1,049 2,133
> $139,999 659 1,481 2,140

Repayments

The amount repaid includes all money received:

  • directly from borrowers (voluntary payments, payments from self-employed borrowers and overseas based borrowers)
  • from employers through deductions from salary or wage earners.
Repayment types Apr - Jun 2018($) Apr - Jun 2019($) % change
Repayments via employers 245,622,249 240,384,631 -2.1
Repayments from borrowers 109,244,844 103,823,173 -4.9
New Zealand-based 56,850,699 55,524,738 -2.3
Overseas-based 52,394,145 48,298,435 -7.8
Total 254,867,093 344,207,804 -3.0

Repayment thresholds - New Zealand-based borrowers

New Zealand-based borrowers receiving salary or wages are required to repay 12 cents of every dollar earned over the pay period repayment threshold (eg, $374 per week). The deductions are considered to be sufficient and do not result in additional repayments provided they are within a determined threshold. If significant under-deductions occur, the employer is required to make compulsory extra deductions.

Borrowers who earn $1,500 or more of adjusted net income (income that’s not salary and wages and adjustments) and whose total income including salary or wages is $20,636 or more are required to make payments on this income.

Tax Year 2009-16($) 2017-18($)  2018-19($)
Threshold 19,084 19,136 19,448

Repayment thresholds - Overseas-based borrowers

Overseas-based borrowers repayment obligations were set to a fixed minimum based on their loan balance as at 31 March 2014 or, if they left New Zealand after this date, their departure date. The overseas-based repayment obligation will not decrease as the loan balance decreases, but can increase if the loan balance increases.

Total loan balance Repayment obligation($)
Under $1,000 Whole loan balance
$1,000 and up to $15,000 1,000
Over $15,000 and up to $30,000 2,000
Over $30,000 and up to $45,000 3,000
Over $45,000 and up to $60,000 4,000
Over $60,000 5,000

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.

Borrowers with overdue repayments as at New Zealand-based borrowers Overseas-based borrowers Total
30 June 2019 28,221 75,882 104,103
Amount overdue ($) as at New Zealand-based borrowers Overseas-based borrowers Total
30 June 2019 131,882,325 1,349,150,781 1,481,033,106

Student loan quarterly reports 2017 - 2018

The purpose of this report is to:

  • present a snapshot of the student loan information held by Inland Revenue
  • track quarterly changes in the student loan population.

Number of borrowers

Number of borrowers New Zealand-based borrowers Overseas-based borrowers Total
As at 30 September 2017 617,344 110,100 727,444
As at 31 December 2017 606,490 110,722 717,212

Nominal balance

Nominal balance is the loan balance held by Inland Revenue as at end of the quarter. The balance includes:

  • all outstanding loans
  • any penalties or interest
  • any credits that have yet to be processed.
Nominal loan balance New Zealand-based borrowers Overseas-based borrowers Total
As at 30 September 2017 $12,364m $3,307m $15,671m
As at 31 December 2017 $12,171m $3,334m $15,515m

 

Median loan balance New Zealand-based borrowers Overseas based borrowers Total
As at 30 September 2017 $14,349 $21,481 $15,227
As at 31 December 2017 $14,514 $21,685 $15,330

Note:
Figures may not add up due to rounding.

Range of loan balances

The range of loan balances is the amount currently owed by borrowers to Inland Revenue. It includes all outstanding loans and any penalties or interest. It excludes any funds still held by StudyLink or any refunds still to be processed.

Number of student loan borrowers, as at 31 December 2017

Range of loan balance New Zealand-based borrowers Overseas-based borrowers All borrowers
$0 - $5,000 113,702 12,244 125,946
$5,000 - $10,000 112,495 14,195 126,690
$10,000 - $15,000 85,605 14,217 99,822
$15,000 - $20,000 64,835 11,275 76,110
$20,000 - $25,000 51,495 9,783 61,278
$25,000 - $30,000 42,918 8,508 51,426
$30,000 - $35,000 32,061 6,585 38,646
$35,000 - $40,000 24,523 5,720 30,243
$40,000 - $45,000 30,243 4,988 25,027
$45,000 - $50,000 14,595 3,952 18,547
$50,000 - $55,000 10,842 3,268 14,110
$55,000 - $60,000 8,574 2,625 11,199
$60,000 - $65,000 6,217 2,088 8,305
$65,000 - $70,000 4,331 1,698 6,029
$70,000 - $75,000 3,157 1,378 4,535
$75,000 - $80,000 2,448 1,221 3,669
$80,000 - $85,000 1,808 1,053 2,861
$85,000 - $90,000 1,405 839 2,244
$90,000 - $95,000 1,047 719 1,766
$95,000 - $100,000 846 577 1,423
>$100,000 3,547 3,789 7,336
Total 606,490 110,722 717,212

Repayments

The amount repaid includes all money received:

  • directly from borrowers (voluntary payments, payments from self-employed borrowers and overseas based borrowers)
  • from employers through deductions from salary or wage earners.
Repayment types July - September 2016($) July - September 2017($) % change
Repayments via employers 220,761,748 229,204,920 3.8
Repayments from borrowers 96,108,313 103,643,870 7.8
Overseas-based 58,217,134 64,785,162 11.3
New Zealand-based 37,891,179 38,858,708 2.6
Total 316,870,061 332,848,790 5.0

 

Repayment types October - December 2016($) October - December 2017($) % change
Repayments via employers 221,724,510 233,78,105 5.4
Repayments from borrowers 99,840,154 108,402,512 8.6
Overseas-based 49,032,532 53,869,810 9.9
New Zealand-based 50,807,623 54,532,702 7.3
Total 321,564,665 342,190,617 6.4

Repayment thresholds - New Zealand-based borrowers

New Zealand-based borrowers receiving salary or wages are required to repay 12 cents of every dollar earned over the pay period repayment threshold (eg, $368 per week). The deductions are considered to be sufficient and do not result in additional repayments provided they are within a determined threshold. If significant under-deductions occur, the employer is required to make compulsory extra deductions.

Borrowers who earn $1,500 or more of adjusted net income (income that’s not salary and wages and adjustments) and whose total income including salary or wages is $20,636 or more are required to make payments on this income.

Tax Year 2007-08($) 2008-09($) 2009-17($) 2017-18($)
Threshold 17,784 18,184 19,084 19,136

Repayment thresholds - Overseas-based borrowers

Overseas-based borrowers repayment obligations were set to a fixed minimum based on their loan balance as at 31 March 2014 or, if they left New Zealand after this date, their departure date. The overseas-based repayment obligation will not decrease as the loan balance decreases, but can increase if the loan balance increases.

Total loan balance Repayment obligation($)
Under $1,000 Whole loan balance
$1,000 and up to $15,000 1,000
Over $15,000 and up to $30,000 2,000
Over $30,000 and up to $45,000 3,000
Over $45,000 and up to $60,000 4,000
Over $60,000 5,000

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.

Borrowers with overdue repayments as at New Zealand-based borrowers Overseas-based borrowers Total
30 September 2017 22,227 74,961 97,188
31 December 2017 20,340 72,450 92,790

 

Amount overdue ($) as at New Zealand-based borrowers Overseas-based borrowers Total
30 September 2017
98,383,372 1,088,325,869 1,186,709,241
31 December 2017 99,276,688 1,075,803,495 1,175,080,184

The purpose of this report is to:

  • present a snapshot of the student loan information held by Inland Revenue
  • track quarterly changes in the student loan population.

Number of borrowers

Number of borrowers New Zealand-based borrowers Overseas-based borrowers Total
As at 31 March 2018 617,316 109,977 727,293

Nominal balance

Nominal balance is the loan balance held by Inland Revenue as at end of the quarter. The balance includes:

  • all outstanding loans
  • any penalties or interest
  • any credits that have yet to be processed.
Nominal loan balance New Zealand-based borrowers Overseas-based borrowers Total
As at 31 March 2018 $12,619m $3,337m $15,955m

 

Median loan balance New Zealand-based borrowers Overseas based borrowers Total
As at 31 March 2018 $15,061 $21,751 $15,912

Note: Figures may not add up due to rounding.

Range of loan balances

The most recent data pertaining to the range of loan balances is available in the July 2017 to December 2017 report. The table will be updated and available after June 2018.

Repayments

The amount repaid includes all money received:

  • directly from borrowers (voluntary payments, payments from self-employed borrowers and overseas based borrowers)
  • from employers through deductions from salary or wage earners.
Repayment types January - March 2016($) January - March 2017($) % change
Repayments via employers 228,038,052 246,459,153 8.1
Repayments from borrowers 102,617,128 99,572,100 -3.0
Overseas-based 60,892,340 57,006,008 -6.4
New Zealand-based 41,724,787 42,566,092 2.0
Total 330,655,179 346,031,253 4.7

Repayment thresholds - New Zealand-based borrowers

New Zealand-based borrowers receiving salary or wages are required to repay 12 cents of every dollar earned over the pay period repayment threshold (eg, $368 per week). The deductions are considered to be sufficient and do not result in additional repayments provided they are within a determined threshold. If significant under-deductions occur, the employer is required to make compulsory extra deductions.

Borrowers who earn $1,500 or more of adjusted net income (income that’s not salary and wages and adjustments) and whose total income including salary or wages is $20,636 or more are required to make payments on this income.

Tax Year 2009-16($) 2017-18($)
Threshold 19,084 19,186

Repayment thresholds - Overseas-based borrowers

Overseas-based borrowers repayment obligations were set to a fixed minimum based on their loan balance as at 31 March 2014 or, if they left New Zealand after this date, their departure date. The overseas-based repayment obligation will not decrease as the loan balance decreases, but can increase if the loan balance increases.

Total loan balance Repayment obligation($)
Under $1,000 Whole loan balance
$1,000 and up to $15,000 1,000
Over $15,000 and up to $30,000 2,000
Over $30,000 and up to $45,000 3,000
Over $45,000 and up to $60,000 4,000
Over $60,000 5,000

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.

Borrowers with overdue repayments as at New Zealand-based borrowers Overseas-based borrowers Total
31 March 2018 22,525 69,583 92,108

Amount overdue ($) as at New Zealand-based borrowers Overseas-based borrowers Total
31 March 2018 104,135,860 1,070,516,727 1,174,652,588

The purpose of this report is to:

  • present a snapshot of the student loan information held by Inland Revenue
  • track quarterly changes in the student loan population.

Number of borrowers

Number of borrowers New Zealand-based borrowers Overseas-based borrowers Total
As at 30 June 2018 610,832 108,355 719,187

Nominal balance

Nominal balance is the loan balance held by Inland Revenue as at end of the quarter. The balance includes:

  • all outstanding loans
  • any penalties or interest
  • any credits that have yet to be processed.
Nominal loan balance New Zealand-based borrowers Overseas-based borrowers Total
As at 30 June 2018 $12,550m $3,318m $15,869m

Median loan balance New Zealand-based borrowers Overseas based borrowers Total
As at 30 June 2018 $15,064 $21,924 $15,939

Note: Figures may not add up due to rounding.

Range of loan balances 

Range of loan balance New Zealand-based borrowers Overseas-based borrowers All borrowers
$0 - $1,999 50,915 4,614 55,529
$2,000 - $3,999 47,104 4,688 51,792
$4,000 - $5,999 48,276 5,179 53,455
$6,000 - $7,999 42,866 5,463 48,329
$8,000 - $9,999 37,399 5,748 43,147
$10,000 - $14,999 77,844 13,768 91,612
$15,000 - $19,999 63,825 10,879 74,704
$20,000 - $24,999 54,000 9,789 63,879
$25,000 - $29,999 44,527 8,269 52,796
$30,000 - $34,999 32,675 6,434 39,109
$35,000 - $39,999 26,731 5,625 32,356
$40,000 - $44,999 21,348 4,649 25,997
$45,000 - $49,999 15,166 3,893 19,059
$50,000 - $54,999 11,918 3,230 15,148
$55,000 - $59,999 9,429 2,602 12,031
$60,000 - $79,999 17,417 6,343 23,760
$80,000 - $99,999 5,635 3,244 8,879
$100,000 - $119,999 2,187 1,706 3,893
$120,000 - $139,999 968 951 1,919
> $139,999 602 1,281 1,883
Total 610,832 108,355 719,187

Repayments

The amount repaid includes all money received:

  • directly from borrowers (voluntary payments, payments from self-employed borrowers and overseas based borrowers)
  • from employers through deductions from salary or wage earners.
Repayment types April - June 2017($) April - June 2018($) % change
Repayments via employers 233,825,739 245,661,023 5.1
Repayments from borrowers 114,018,263 115,225,656 1.1
Overseas-based 60,071,887 62,803,021 4.5
New Zealand-based 53,946,376 52,421,635 -2.8
Total 347,844,002 360,885,679 3.7

Repayment thresholds - New Zealand-based borrowers

New Zealand-based borrowers receiving salary or wages are required to repay 12 cents of every dollar earned over the pay period repayment threshold (eg, $374 per week). The deductions are considered to be sufficient and do not result in additional repayments provided they are within a determined threshold. If significant under-deductions occur, the employer is required to make compulsory extra deductions.

Borrowers who earn $1,500 or more of adjusted net income (income that’s not salary and wages and adjustments) and whose total income including salary or wages is $20,636 or more are required to make payments on this income.

Tax Year 2009-16($) 2017-18($) 2018-19($) 
Threshold 19,084 19,186 19,448

Repayment thresholds - Overseas-based borrowers

Overseas-based borrowers repayment obligations were set to a fixed minimum based on their loan balance as at 31 March 2014 or, if they left New Zealand after this date, their departure date. The overseas-based repayment obligation will not decrease as the loan balance decreases, but can increase if the loan balance increases.

Total loan balance Repayment obligation($)
Under $1,000 Whole loan balance
$1,000 and up to $15,000 1,000
Over $15,000 and up to $30,000 2,000
Over $30,000 and up to $45,000 3,000
Over $45,000 and up to $60,000 4,000
Over $60,000 5,000

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.

Borrowers with overdue repayments as at New Zealand-based borrowers Overseas-based borrowers Total
30 June 2018 26,021 75,375 101,396

Amount overdue ($) as at New Zealand-based borrowers Overseas-based borrowers Total
30 June 2018 116,210,790 1,205,244,585 1,321,455,375

Student loan quarterly reports 2016 - 2017

The purpose of this report is to:

  • present a snapshot of the student loan information held by Inland Revenue
  • track quarterly changes in the student loan population.

Number of borrowers

Number of borrowers New Zealand-based borrowers Overseas-based borrowers Total
As at 30 September 2016 616,523 110,718 727,241
As at 31 December 2016 605,159 112,450 717,609

Nominal balance

Nominal balance is the loan balance held by Inland Revenue as at end of the quarter. The balance includes:

  • all outstanding loans
  • any penalties or interest
  • any credits that have yet to be processed.
Nominal loan balance New Zealand-based borrowers Overseas-based borrowers Total
As at 30 September 2016 $12,043m $3,254m $15,297m
As at 31 December 2016 $11,864m $3,327m $15,192m

Median loan balance New Zealand-based borrowers Overseas-based borrowers Total
As at 30 September 2016 $14,002 $21,075 $14,874
As at 31 December 2016 $14,188 $21,275 $15,006

Note: Figures may not add up due to rounding.

Range of loan balances

The range of loan balances is the amount currently owed by borrowers to Inland Revenue. It includes all outstanding loans and any penalties or interest. It excludes any funds still held by StudyLink or any refunds still to be processed.

Number of student loan borrowers, as at 31 December 2016

Range of loan balance New Zealand-based borrowers Overseas-based borrowers All borrowers
$0 - $5,000 114,128 12,309 126,437
$5,000 - $10,000 115,598 14,801 130,399
$10,000 - $15,000 87,146 14,711 101,857
$15,000 - $20,000 65,034 11,759 76,793
$20,000 - $25,000 51,805 9,847 61,652
$25,000 - $30,000 42,092 8,660 50,752
$30,000 - $35,000 31,115 6,768 37,883
$35,000 - $40,000 24,203 5,762 29,965
$40,000 - $45,000 19,276 5,142 24,418
$45,000 - $50,000 13,715 3,859 17,574
$50,000 - $55,000 10,160 3,224 13,384
$55,000 - $60,000 8,158 2,665 10,823
$60,000 - $65,000 5,707 2,094 7,801
$65,000 - $70,000 3,990 1,673 5,663
$70,000 - $75,000 2,958 1,399 4,357
$75,000 - $80,000 2,238 1,230 3,468
$80,000 - $85,000 1,671 957 2,628
$85,000 - $90,000 1,278 813 2,091
$90,000 - $95,000 954 672 1,626
$95,000 - $100,000 734 594 1,328
>$100,000 3,199 3,511 6,710
Total 605,159 112,450 717,609

Repayments

The amount repaid includes all money received:

  • directly from borrowers (voluntary payments, payments from self-employed borrowers and overseas based borrowers)
  • from employers through deductions from salary or wage earners.
Repayment type July - September 2015($) July - September 2016($) % change
Repayments via employers 202,939,826 220,761,748 8.78
Repayments from borrowers 92,291,761 96,108,313 4,14
Overseas-based 59,408,532 58,217,134 -2.01
New Zealand-based 32,883,229 37,891,179 15.23
Total 295,231,586 316,870,061 7.33


Repayment type October - December 2015($) October - December 2016($) % change
Repayments via employers 205,523,867 212,894,194 3.59
Repayments from borrowers 72,087,984 70,237,774 -2.57
Overseas-based 44,677,804 41,865,130 -6.30
New Zealand-based 27,410,180 28,372,644 3.51
Total 277,611,851 283,131,969 1.99

Repayment thresholds - New Zealand-based borrowers

New Zealand-based borrowers receiving salary or wages are required to repay 12 cents (10 cents before 1 April 2013) of every dollar earned over the pay period repayment threshold, eg, $367 per week. The deductions are considered to be sufficient and do not result in additional repayments provided they are within a determined threshold. If significant under-deductions occur, the employer is required to make compulsory extra deductions.

Since April 2013, borrowers who earn $1,500 or more of adjusted net income (income that's not salary or wages and adjustments) and whose total income including salary or wages is $20,584 or more are required to make payments on this income.

The annual repayment threshold will increase from 1 April 2017.

Tax Year 2006-07($) 2007-08($) 2008-09($) 2009-17($)
Threshold 17,160 17,784 18,184 19,084

Repayment thresholds - Overseas-based borrowers

From April 2014, overseas-based borrowers repayment obligations were set to a fixed minimum based on their loan balance as at 31 March 2014 or, if they left New Zealand after this date, their departure date. The overseas-based repayment obligation will not decrease as the loan balance decreases, but can increase if the loan balance increases.

Total loan balance Repayment obligation($)
Under $1,000 Whole loan balance
$1,000 and up to $15,000 1,000
Over $15,000 and up to $30,000 2,000
Over $30,000 and up to $45,000 3,000
Over $45,000 and up to $60,000 4,000
Over $60,000 5,000

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.

Borrowers with overdue repayments as at New Zealand-based borrowers Overseas-based borrowers Total
30 September 2016 21,494 77,425 98,919
31 December 2016 20,074 75,450 95,524


Amount overdue ($) as at
30 September 2016 87,406,830 973,082,493 1,060,489,324
31 December 2016 80,850,806 970,188,879 1,051,039,684

The purpose of this report is to:

  • present a snapshot of the student loan information held by Inland Revenue
  • track quarterly changes in the student loan population.

Number of borrowers

Number of borrowers New Zealand-based borrowers Overseas-based borrowers Total
As at 31 March 2017 628,275 111,619 739,894
As at 30 June 2017 622,479 110,494 732,973

Nominal balance

Nominal balance is the loan balance held by Inland Revenue as at end of the quarter. The balance includes:

  • all outstanding loans
  • any penalties or interest
  • any credits that have yet to be processed.
Nominal loan balance New Zealand-based borrowers Overseas-based borrowers Total
As at 31 March 2017 $12,494m $3,312m $15,806m
As at 30 June 2017 $12,431m $3,304m $15,735m

 

Median loan balance New Zealand-based borrowers Overseas based borrowers Total
As at 31 March 2017 $14,373 $21,289 $15,250
As at 30 June 2017 $14,369 $21,472 $15,271

Note: Figures may not add up due to rounding.

Range of loan balances

The range of loan balances is the amount currently owed by borrowers to Inland Revenue. It includes all outstanding loans and any penalties or interest. It excludes any funds still held by StudyLink or any refunds still to be processed.

Number of student loan borrowers, as at 30 June 2017

Range of loan balance New Zealand-based borrowers Overseas-based borrowers All borrowers
$0 - $5,000 115,062 12,198 127,260
$5,000 - $10,000 117,750 14,371 132,121
$10,000 - $15,000 88,062 14,284 102,346
$15,000 - $20,000 65,150 9,865 64,931
$20,000 - $25,000 55,066 9,865 64,931
$25,000 - $30,000 43,132 8,524 51,656
$30,000 - $35,000 32,481 6,431 38,912
$35,000 - $40,000 26,377 5,662 32,039
$40,000 - $45,000 20,056 5,068 25,124
$45,000 - $50,000 14,521 3,849 18,370
$50,000 - $55,000 11,456 3,150 14,606
$55,000 - $60,000 8,664 2,601 11,265
$60,000 - $65,000 6,108 2,074 8,182
$65,000 - $70,000 4,368 1,688 6,056
$70,000 - $75,000 3,257 1,392 4,649
$75,000 - $80,000 2,429 1,195 3,624
$80,000 - $85,000 1,820 1,020 2,840
$85,000 - $90,000 1,384 826 2,210
$90,000 - $95,000 1,026 672 1,698
$95,000 - $100,000 890 581 1471
>$100,000 3,420 3,670 7,090
Total 622,479 110,494 732,973

Repayments

The amount repaid includes all money received:

  • directly from borrowers (voluntary payments, payments from self-employed borrowers and overseas based borrowers)
  • from employers through deductions from salary or wage earners.
Repayment types January-March 2016($) January-March 2017($) % change
Repayments via employers 213,254,275 228,038,052 6.9
Repayments from borrowers 101,225,129 102,617,128 1.4
Overseas-based 62,968,404 60,892,340 -3.3
New Zealand-based 38,256,724 41,724,787 9.1
Total 314,479,404 330,655,179 5.1

 

Repayment types April-June 2016($) April-June2017($) % change
Repayments via employers 221,724,510 233,78,105 5.4
Repayments from borrowers 99,840,154 108,402,512 8.6
Overseas-based 49,032,532 53,869,810 9.9
New Zealand-based 50,807,623 54,532,702 7.3
Total 321,564,665 342,190,617 6.4

Repayment thresholds - New Zealand-based borrowers

New Zealand-based borrowers receiving salary or wages are required to repay 12 cents (10 cents before 1 April 2013) of every dollar earned over the pay period repayment threshold, eg, $368 per week. The deductions are considered to be sufficient and do not result in additional repayments provided they are within a determined threshold. If significant under-deductions occur, the employer is required to make compulsory extra deductions.

Since April 2013, borrowers who earn $1,500 or more of adjusted net income (income that's not salary or wages and adjustments) and whose total income including salary or wages is $20,584 or more are required to make payments on this income.

Tax Year 2007-08($) 2008-09($) 2009-17($) 2017-18($)
Threshold 17,784 18,184 19,084 19,136

Repayment thresholds - Overseas-based borrowers

From April 2014, overseas-based borrowers repayment obligations were set to a fixed minimum based on their loan balance as at 31 March 2014 or, if they left New Zealand after this date, their departure date. The overseas-based repayment obligation will not decrease as the loan balance decreases, but can increase if the loan balance increases.

Total loan balance Repayment obligation($)
Under $1,000 Whole loan balance
$1,000 and up to $15,000 1,000
Over $15,000 and up to $30,000 2,000
Over $30,000 and up to $45,000 3,000
Over $45,000 and up to $60,000 4,000
Over $60,000 5,000

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.

Borrowers with overdue repayments as at New Zealand-based borrowers Overseas-based borrowers Total
31 March 2017 22,208 72,472 94,680
30 June 2017 24,707 78,308 103,015

 

Amount overdue ($) as at New Zealand-based borrowers Overseas-based borrowers Total
31 March 2017 89,385,911 967,057,387 1,056,443,299
30 June 2017 99,299,975 1,107,298,219 1,206,598,194