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.
Student loan quarterly reports 2022 - 2023
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 | As at 30 September 2021 | As at 30 September 2022 | % change |
|---|---|---|---|
| New Zealand-based borrowers | 568,240 | 546,011 | -3.9% |
| Overseas-based borrowers | 103,520 | 102,721 | -0.8% |
| Total | 671,760 | 648,732 | -3.4% |
Loan 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, interest or fees.
| Nominal loan balance | As at 30 September 2021 | As at 30 September 2022 | % change |
|---|---|---|---|
| New Zealand-based borrowers |
$12,710,402,960 |
$12,418,388,018 |
-2.3% |
| Overseas-based borrowers | $3,425,304,764 | $3,563,168,353 | 4.0% |
| Total | $16,135,707,724 | $15,981,556,371 | -1.0% |
Median loan balance
| Median loan balance | As at 30 September 2021 | As at 30 September 2022 | % change |
|---|---|---|---|
| All borrowers |
$16,879 |
$17,247 |
2.2% |
Repayments
The amount repaid includes all money received:
- directly from borrowers (voluntary payments, payments from borrowers with income other than salary and wages, and overseas based borrowers)
- from employers through deductions from salary or wage earners.
| Repayment types | July - Sept 2021 | July - Sept 2022 | % change |
|---|---|---|---|
| Repayments via employers | $283,660,084 | $306,673,759 | 8.11% |
| Repayments from borrowers | $103,588,614 | $95,311,155 | -7.99% |
| Overseas-based borrowers | $47,872,911 | $40,370,863 | -15.67% |
| New Zealand-based borrowers | $55,715,703 | $54,940,292 | -1.39% |
| Total | $387,248,699 | $401,984,914 | 3.81% |
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, $409 per week from 1 April 2022). 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 $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 $500 or more than the annual repayment threshold are required to make payments on this income. Table shows the repayment threshold by year ending 31 March (the tax year).
| Tax Year | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Threshold | $19,448 | $19,760 | $20,020 | $20,280 | $21,268 |
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. The number of borrowers overdue and the amount overdue has increased as at 30 September 2022. This result reflects both a decline in the number of overseas based borrowers making a repayment as required by 30 September, and a change in reporting methodology.
| Borrowers with overdue repayments | 30 September 2021 | 30 September 2022 | % change |
|---|---|---|---|
| New Zealand-based | 23,636 | 23,867 | 1.0% |
| Overseas-based | 76,245 | 85,442 | 12.1% |
| Total | 99,881 | 109,309 | 9.4% |
| Amount overdue | 30 September 2021 | 30 September 2022 | % change |
|---|---|---|---|
| New Zealand-based | $134,814,469 | $147,021,333 | 9.1% |
| Overseas-based | $1,636,752,506 | $1,960,288,801 | 19.8% |
| Total | $1,771,566,975 | $2,107,310,134 | 19.0% |
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 | As at 31 December 2021 | As at 31 December 2022 | % change |
|---|---|---|---|
| New Zealand-based borrowers | 555,201 | 532,125 | -4.2% |
| Overseas-based borrowers | 103,292 | 104,147 | 0.8% |
| Total | 658,493 | 636,272 | -3.4% |
Loan 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, interest or fees.
| Nominal loan balance | As at 31 December 2021 | As at 31 December 2022 | % change |
|---|---|---|---|
| New Zealand-based borrowers |
$12,468,925,808 |
$12,129,857,531 |
-2.7% |
| Overseas-based borrowers | $3,468,031,045 | $3,632,173,546 | 4.7% |
| Total | $15,936,956,853 | $15,762,031,077 | -1.1% |
Median loan balance
| Median loan balance | As at 31 December 2021 | As at 31 December 2022 | % change |
|---|---|---|---|
| All borrowers |
$16,937.24 |
$17,268.75 |
2.0% |
Repayments
The amount repaid includes all money received:
- directly from borrowers (voluntary payments, payments from borrowers with income other than salary and wages, and overseas based borrowers)
- from employers through deductions from salary or wage earners.
| Repayment types | Oct - Dec 2021 | Oct - Dec 2022 | % change |
|---|---|---|---|
| Repayments via employers | $310,169,038 | $319,995,149 | 3.17% |
| Repayments from borrowers | $87,376,308 | $76,082,573 | -12.93% |
| Overseas-based borrowers | $35,500,661 | $34,651,075 | -2.39% |
| New Zealand-based borrowers | $51,875,647 | $41,431,498 | -20.13% |
| Total | $397,545,346 | $396,077,722 | -0.37% |
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, $409 per week from 1 April 2022). 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 $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 $500 or more than the annual repayment threshold are required to make payments on this income. Table shows the repayment threshold by year ending 31 March (the tax year).
| Tax Year | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Threshold | $19,448 | $19,760 | $20,020 | $20,280 | $21,268 |
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 | 31 December 2021 | 31 December 2022 | % change |
|---|---|---|---|
| New Zealand-based | 22,107 | 23,158 | 4.75% |
| Overseas-based | 77,726 | 79,721 | 2.57% |
| Total | 99,833 | 102,879 | 3.05% |
| Amount overdue | 31 December 2021 | 31 December 2022 | % change |
|---|---|---|---|
| New Zealand-based | $134,829,780 | $146,615,876 | 8.74% |
| Overseas-based | $1,704,042,985 | $1,964,964,476 | 15.31% |
| Total | $1,838,872,764 | $2,111,580,353 | 14.83% |
Student loan quarterly reports 2021 - 2022
The purpose of this report is to:
- present a snapshot of the student loan information held by Inland Revenue
- track quarter changes in the student loan population.
Number of student loan customers
| Number of customers | New Zealand-based customers | Overseas-based customers | Total |
|---|---|---|---|
| As at 30 September 2021 | 568,240 | 103,520 | 671,760 |
Improved changes in 2020 now more accurately capture border movements.
Nominal Balance
Nominal balance is the loan balance held by Inland Revenue as at the end of the quarter.
The balance includes:
- all outstanding loans
- any penalties, interest or fees
| Nominal loan balance | New Zealand-based customers | Overseas-based customers | Total |
|---|---|---|---|
| As at 30 September 2021 | $12.7 billion | $3.4 billion | $16.1 billion |
*Figures may not add up due to rounding
Median loan balance
As at 30 September 2021 the median loan balance is $16,821.
Repayments
The amount repaid includes all money received:
- directly from customers (voluntary payments, payments from customers with income other than salary and wages, and overseas-based customers)
- from employers through deductions from salary or wage earners.
| Repayment type | September 2020 | September 2021 | % change |
|---|---|---|---|
| Repayments via employers | $259,269,572 | $283,660,084 | 9% |
| Repayments via customers | $114,266,453 | $103,588,614 | -9% |
| Overseas-based customers | $63,146,002 | $47,872,911 | -24% |
| New Zealand-based customers | $51,120,451 | $55,715,703 | 9% |
| Total | $373,536,025 | $387,248,699 | 4% |
Repayment thresholds - New Zealand-based customers
New Zealand-based customers receiving salary or wages are required to repay 12 cents of every dollar earned over the pay period repayment threshold (for example, $385 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.
Customers who earn $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 $20,520 or more are required to make payments on this income. Table shows the repayment threshold by year ending 31 March (the tax year).
| Tax year | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|
| Threshold | $19,448 | $19,760 | $20,020 | $20,280 |
Repayment thresholds - Overseas-based customers
Overseas-based customer 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 customer 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.
| Customers with overdue repayments | 30 September 2020 | 30 September 2021 | % change |
|---|---|---|---|
| New Zealand-Based | 27,422 | 23,636 | -13.1% |
| Overseas-based | 75,815 | 76,245 | 0.6% |
| Total | 103,237 | 99,881 | -3.3% |
| Amount overdue | |||
|---|---|---|---|
| New Zealand-based | $137,172,939 | $134,814,469 | -1.7% |
| Overseas-based | $1,453,393,361 | $1,636,752,506 | 12.6% |
| Total | $1,590,566,300 | $1,771,566,975 | 11.4% |
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 2021 | 555,201 | 103,292 | 658,493 |
Note: Improvements in 2020 now more accurately capture border movements.
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, interest or fees.
| Nominal loan balance | New Zealand-based borrowers | Overseas-based borrowers | Total |
|---|---|---|---|
| As at 31 December 2021 | $12.5 billion | $3.5 billion | $15.9 billion |
Note: Figures may not add up due to rounding.
Median loan balance
As at 31 December 2021 the median loan balance is $16,937.
Repayments
The amount repaid in quarter 2 includes all money received:
- directly from borrowers (voluntary payments, payments from borrowers with income other that salary and wages, and overseas based borrowers)
- from employers through deductions from salary or wage earners.
| Repayment types | Oct - Dec 2020 | Oct - Dec 2021 | % change |
|---|---|---|---|
| Repayments via employers | $272,051,808 | $310,169,038 | 14.0% |
| Repayments from borrowers | $85,669,027 | $87,376,308 | 2.0% |
| Overseas-based customers | $43,294,939 | $35,500,661 | -18.0% |
| New Zealand-based customers | $42,374,088 | $51,875,647 | 22.4% |
| Total | $357,720,835 | $397,545,346 | 11.1% |
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, $385 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 $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 $20,520 or more are required to make payments on this income. Table shows the repayment threshold by year ending 31 March (the tax year).
| Tax Year | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|
| Threshold | 19,448 | 19,760 | 20,020 | 20,280 |
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 | 31 Dec 2020 | 31 Dec 2021 | % change |
|---|---|---|---|
| New Zealand based | 24,917 | 22,107 | -11.3% |
| Overseas based | 80,177 | 77,726 | -3.1% |
| Total | 105,094 | 99,833 | -5.0% |
| Amount overdue | 31 Dec 2020 | 31 Dec 2021 | % change |
|---|---|---|---|
| New Zealand based | $134,249,664 | $134,829,780 | 0.4% |
| Overseas based | $1,563,585,306 | $1,704,042,985 | 9.0% |
| Total | $1,697,834,970 | $1,838,872,764 | 8.3% |
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 | As at 31 March 2021 | As at 31 March 2022 | % change |
|---|---|---|---|
| New Zealand-based borrowers | 581,373 | 562,374 | -3.3% |
| Overseas-based borrowers | 106,457 | 102,889 | -3.4% |
| Total | 687,830 | 665,263 | -3.3% |
Loan 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, interest or fees.
| Nominal loan balance | As at 31 March 2021 | As at 31 March 2022 | % change |
|---|---|---|---|
| New Zealand-based borrowers |
$12,943,870,401 |
$12,800,199,934 |
-1.1% |
| Overseas-based borrowers | $3,448,887,393 | $3,501,938,458 | 1.5% |
| Total | $16,392,757,794 | $16,302,138,392 | -0.55% |
Median loan balance
| Median loan balance | As at 31 March 2021 | As at 31 March 2022 | % change |
|---|---|---|---|
| All borrowers |
$16,854 |
$17,602 |
4.4% |
Repayments
The amount repaid includes all money received:
- directly from borrowers (voluntary payments, payments from borrowers with income other that salary and wages, and overseas based borrowers)
- from employers through deductions from salary or wage earners.
| Repayment types | Jan - Mar 2021 | Jan - Mar 2022 | % change |
|---|---|---|---|
| Repayments via employers | $263,101,103 | $297,371,177 | 13.0% |
| Repayments from borrowers | $116,024,947 | $110,594,132 | -4.7% |
| New Zealand-based customers | $62,340,799 | $68,486,517 | 9.8% |
| Overseas-based customers | $53,684,148 | $42,107,614 | -21.6% |
| Total | $379,126,050 | $407,965,309 | 7.6% |
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, $385 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 $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 $20,520 or more are required to make payments on this income. Table shows the repayment threshold by year ending 31 March (the tax year).
| Tax Year | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|
| Threshold | $19,448 | $19,760 | $20,020 | $20,280 |
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 | 31 March 2021 | 31March 2022 | % change |
|---|---|---|---|
| New Zealand based | 27,392 | 27,066 | -1.2% |
| Overseas based | 76,623 | 77,591 | 1.3% |
| Total | 104,015 | 104,657 | 0.6% |
| Amount overdue | 31 March 2021 | 31 March 2022 | % change |
|---|---|---|---|
| New Zealand based | $133,354,712 | $128,401,730 | -3.7% |
| Overseas based | $1,485,030,073 | $1,692,031,747 | 13.9% |
| Total | $1,618,384,784 | $1,820,433,477 | 12.5% |
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 | As at 30 June 2021 | As at 30 June 2022 | % change |
|---|---|---|---|
| New Zealand-based borrowers | 575,486 | 555,606 | -3.5% |
| Overseas-based borrowers | 104,461 | 102,719 | -1.7% |
| Total | 679,947 | 658,325 | -3.2% |
Loan 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, interest or fees.
| Nominal loan balance | As at 30 June 2021 | As at 30 June 2022 | % change |
|---|---|---|---|
| New Zealand-based borrowers |
$12,840,036,587 |
$12,601,629,893 |
-1.9% |
| Overseas-based borrowers | $3,425,414,751 | $3,527,281,299 | 3.0% |
| Total | $16,265,451,338 | $16,128,911,191 | -0.8% |
Median loan balance
| Median loan balance | As at 30 June 2021 | As at 30 June 2022 | % change |
|---|---|---|---|
| All borrowers |
$17,154 |
$17,262 |
0.63% |
Repayments
The amount repaid includes all money received:
- directly from borrowers (voluntary payments, payments from borrowers with income other that salary and wages, and overseas based borrowers)
- from employers through deductions from salary or wage earners.
| Repayment types | April - June 2021 | April - June 2022 | % change |
|---|---|---|---|
| Repayments via employers | $273,329,313 | $303,625,144 | 11.1% |
| Repayments from borrowers | $111,024,170 | $110,078,982 | -0.9% |
| New Zealand-based customers | $71,632,279 | $75,057,153 | 4.7% |
| Overseas-based customers | $39,391,891 | $35,021,829 | -11.1% |
| Total | $384,353,483 | $413,704,126 | 7.6% |
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, $385 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 $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 $20,520 or more are required to make payments on this income. Table shows the repayment threshold by year ending 31 March (the tax year).
| Tax Year | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Threshold | $19,448 | $19,760 | $20,020 | $20,280 | $21,268 |
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 | 30 June 2021 | 30 June 2022 | % change |
|---|---|---|---|
| New Zealand-based | 26,962 | 29,120 | 8.0% |
| Overseas-based | 75,965 | 77,492 | 2.0% |
| Total | 102,927 | 106,612 | 3.6% |
| Amount overdue | 30 June 2021 | 30 June 2022 | % change |
|---|---|---|---|
| New Zealand-based | $140,939,744 | $152,384,151 | 8.1% |
| Overseas-based | $1,579,610,187 | $1,870,322,538 | 18.4% |
| Total | $1,720,549,931 | $2,022,706,689 | 17.6% |
Student loan quarterly reports 2020 - 2021
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 2020 | 575,961 | 109,692 | 685,653 |
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 2020 | $12.60b | $3.47b | $16.08b |
Note: Figures may not add up due to rounding.
Median loan balance
As at 30 September 2020 the median loan balance is $16,482.
Repayments
The amount repaid includes all money received:
- directly from borrowers (voluntary payments, payments from self-employed borrowers and overseas based borrowers)
- from employers through deductions from salary or wage earners.
| Repayment types | Jul - Sept 2019($) | Jul - Sept 2020($) | % change |
|---|---|---|---|
| Repayments via employers | 252,587,007 | 259,269,572 | 2.6 |
| Repayments from borrowers | 97,421,216 | 114,266,453 | 17.3 |
| New Zealand-based | 35,848,123 | 51,120,451 | 42.60 |
| Overseas-based | 61,573,093 | 63,146,002 | 2.60 |
| Total | 350,008,223 | 373,536,025 | 6.7 |
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, $385 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 $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 $20,520 or more are required to make payments on this income.
| Tax Year | 2017-18($) | 2019($) | 2020($) | 2021($) |
|---|---|---|---|---|
| Threshold | 19,136 | 19,448 | 19,760 | 20,020 |
Repayment thresholds - Overseas-based borrowers
Overseas-based borrowers repayment obligations were set to a fixed minimum based on their loan balance as at 31 March 2014 or, if they left New Zealand after this date, their departure date. The overseas-based repayment obligation will not decrease as the loan balance decreases, but can increase if the loan balance increases.
| Total loan balance | Repayment obligation($) |
|---|---|
| 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 $60,000 | 5,000 |
Overdue repayments
If a borrower does not meet some or all of their repayment obligations by the due date, the amount due but not paid becomes an overdue repayment. Late payment interest is charged on the overdue amount.
| Borrowers with overdue repayments | 30 Sept 2019 | 30 Sept 2020 | % change |
|---|---|---|---|
| New Zealand based | 26,732 | 27,422 | 2.6 |
| Overseas based | 73,114 | 75,815 | 3.7 |
| Total | 99,846 | 103,237 | 3.4 |
| Amount overdue ($) | 30 Sept 2019 | 30 Sept 2020 | % change |
|---|---|---|---|
| New Zealand based | 134,051,484 | 137,172,939 | 2.3 |
| Overseas based | 1,347,289,553 | 1,453,393,361 | 7.9 |
| Total | 1,481,341,037 | 1,590,566,300 | 7.4 |
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 2020 | 564,360 | 109,454 | 673,814 |
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 2020 | $12.43b | $3.50b | $15.93b |
Note: Figures may not add up due to rounding.
Median loan balance
As at 31 December 2020 the median loan balance is $16,660.
Repayments
The amount repaid includes all money received:
- directly from borrowers (voluntary payments, payments from self-employed borrowers and overseas based borrowers)
- from employers through deductions from salary or wage earners.
| Repayment types | Oct - Dec 2019($) | Oct - Dec 2020($) | % change |
|---|---|---|---|
| Repayments via employers | 256,312,599 | 272,051,808 | 6.1 |
| Repayments from borrowers | 77,210,201 | 85,669,027 | 10.9 |
| New Zealand-based | 33,442,628 | 42,374,088 | 26.70 |
| Overseas-based | 43,767,573 | 43,294,939 | -1.10 |
| Total | 333,522,799 | 357,720,835 | 7.3 |
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, $385 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 $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 $20,520 or more are required to make payments on this income.
| Tax Year | 2017-18($) | 2019($) | 2020($) | 2021($) |
|---|---|---|---|---|
| Threshold | 19,136 | 19,448 | 19,760 | 20,020 |
Repayment thresholds - Overseas-based borrowers
Overseas-based borrowers repayment obligations were set to a fixed minimum based on their loan balance as at 31 March 2014 or, if they left New Zealand after this date, their departure date. The overseas-based repayment obligation will not decrease as the loan balance decreases, but can increase if the loan balance increases.
| Total loan balance | Repayment obligation($) |
|---|---|
| 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 $60,000 | 5,000 |
Overdue repayments
If a borrower does not meet some or all of their repayment obligations by the due date, the amount due but not paid becomes an overdue repayment. Late payment interest is charged on the overdue amount.
| Borrowers with overdue repayments | 31 Dec 2019 | 31 Dec 2020 | % change |
|---|---|---|---|
| New Zealand based | 25,089 | 24,917 | -0.6 |
| Overseas based | 70,827 | 80,177 | 13.1 |
| Total | 95,916 | 105,044 | 9.5 |
| Amount overdue ($) | 31 Dec 2019 | 31 Dec 2020 | % change |
|---|---|---|---|
| New Zealand based | 134,437,437 | 134,249,664 | 0.1 |
| Overseas based | 1,340,225,867 | 1,563,585,306 | 16.7 |
| Total | 1,474,663,304 | 1,697,834,970 | 15.1 |
The purpose of this report is to:
- present a snapshot of the student loan information held by Inland Revenue, and
- track quarter changes in the student loan population.
Number of student loan customers
| Number of customers | NZ-based based customers | Overseas-based customers | Total |
|---|---|---|---|
| As at 31 March 2021 | 581,373 | 106,457 | 687,830 |
Nominal Balance
Nominal balance is the loan balance held by Inland Revenue as at the end of the quarter.
The balance includes:
- all outstanding loans
- any penalties, interest or fees.
| Nominal loan balance | NZ-based | Overseas-based | Total |
|---|---|---|---|
| As at 31 March 2021 | $12.9b | $3.45b | $16.4b |
*Figures may not add up due to rounding.
Median loan balance
As at 31 March 2021 the median loan balance is $16,854.
Repayments
The amount repaid includes all money received:
- directly from customers (voluntary payments, payments from borrowers with income other than salary and wages, and overseas based borrowers)
- from employers through deductions from salary or wage earners.
| Repayment type change | March 2020 | March 2021 | % change |
|---|---|---|---|
| Repayments via employers | $270,178,13 | $263,101,103 | -2.6% |
| Repayments via customers | $99,664,087 | $116,024,947 | 16.4% |
| Overseas-based customers | $52,368,060 | $ 53,684,148 | 2.5% |
| NZ-based customers | $47,296,028 | $ 62,340,799 | 31.8% |
| Total | $369,842,224 | $379,126,050 | 2.5% |
Note: Repayments from New Zealand based customers have improved as a result of more payments from customers directly, change to how loans are managed in 2020 and a decrease in refunds.
Repayment thresholds – New Zealand based customers
New Zealand-based customers receiving salary or wages are required to repay 12 cents of every dollar earned over the pay period repayment threshold (eg, $385 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.
Customers who earn $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 $20,520 or more are required to make payments on this income.
| Tax year | 2017-18 | 2019 | 2020 | 2021 |
|---|---|---|---|---|
| Threshold | $19,136 | $19,448 | $19,760 | $20,020 |
Repayment thresholds – Overseas-based customers
Overseas-based customer 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 customer 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.
| Customers with overdue repayments | 31 March 2020 | 31 March 2021 | % change |
|---|---|---|---|
| New Zealand-Based | 28,387 | 27,392 | -3.5% |
| Overseas-based | 67,939 | 76,623 | 12.8% |
| Total | 96,387 | 104,015 | 8.0% |
| Amount overdue | 31 March 2020 | 31 March 2021 | % change |
|---|---|---|---|
| New Zealand-Based | $ 146,627,155 | $ 133,354,712 | -9.1% |
| Overseas-based | $1,334,712,581 | $1,485,030,073 | 11.3% |
| Total | $1,481,339,736 | $1,618,384,784 | 9.3% |
The purpose of this report is to:
- present a snapshot of the student loan information held by Inland Revenue, and
- track quarter changes in the student loan population.
Number of student loan customers
| Number of customers | NZ-based based customers | Overseas-based customers | Total |
|---|---|---|---|
| As at 30 June 2021 | 575,486 | 104,461 | 679,947 |
Nominal Balance
Nominal balance is the loan balance held by Inland Revenue as at the end of the quarter.
The balance includes:
- all outstanding loans
- any penalties, interest or fees.
| Nominal loan balance | NZ-based | Overseas-based | Total |
|---|---|---|---|
| As at 30 June 2021 | $12.8b | $3.4b | $16.3b |
*Figures may not add up due to rounding.
Median loan balance
As at 30 June 2021 the median loan balance is $17,154.
Repayments
The amount repaid includes all money received:
- directly from customers (voluntary payments, payments from borrowers with income other than salary and wages, and overseas based borrowers)
- from employers through deductions from salary or wage earners.
| Repayment type change | June 2020 | June 2021 | % change |
|---|---|---|---|
| Repayments via employers | $313,762,799 | $273,329,313 | -12.90% |
| Repayments via customers | $110,132,360 | $111,024,170 | 0.80% |
| Overseas-based customers | $53,928,366 | $39,391,891 | -27% |
| NZ-based customers | $56,203,994 | $71,632,279 | 27.50% |
| Total | $423,895,159 | $384,353,483 | -9.30% |
Note: Repayments from New Zealand based customers have improved as a result of more payments from customers directly, change to how loans are managed in 2020 and a decrease in refunds.
Repayment thresholds – New Zealand based customers
New Zealand-based customers receiving salary or wages are required to repay 12 cents of every dollar earned over the pay period repayment threshold (eg, $385 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.
Customers who earn $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 $20,520 or more are required to make payments on this income.
| Tax year | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Threshold | $19,136 | $19,448 | $19,760 | $20,020 | $20,280 |
Repayment thresholds – Overseas-based customers
Overseas-based customer 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 customer 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.
| Customers with overdue repayments | 30 June 2020 | 30 June 2021 | % change |
|---|---|---|---|
| New Zealand-Based | 29,389 | 26,962 | -8.3% |
| Overseas-based | 74,215 | 75,965 | 2.4% |
| Total | 103,604 | 102,927 | -0.7% |
| Amount overdue | 30 June 2020 | 30 June 2021 | % change |
|---|---|---|---|
| New Zealand-Based | $133,056,406 | $140,939,744 | 5.9% |
| Overseas-based | $1,446,163,458 | $1,579,610,187 | 9.2% |
| Total | $1,579,219,865 | $1,720,549,931 | 8.9% |
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 |
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 2020 | 584,212 | 108,274 | 692,486 |
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.
| New Zealand-based borrowers | Overseas-based borrowers | Total | |
|---|---|---|---|
| Nominal loan balance as at 30 June 2020 | $12,611m | $3524m | $16,135m |
| Median loan balance as at 30 June 2020 | $15,585 | $23,366 | $16,422 |
Note: Figures may not add up due to rounding.
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 2019 | Apr-Jun 2020 | % change |
|---|---|---|---|
| Repayments via employers | $240,384.631 | $313,762,799 | 30.5% |
| Repayments from borrowers | $103,823,173 | $110,132,360 | 6.1% |
| - New Zealand-based | $55,524,738 | $56,203,994 | 1.2% |
| - Overseas-based | $48,298,435 | $53,928,366 | 11.7% |
| Total | $344,207,804 | $423,895,159 | 23.2% |
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, $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 | 2017-18 | 2019 | 2020 | 2021 |
|---|---|---|---|---|
| Threshold | $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.
| Number of borrowers with overdue repayments | 30 June 2019 | 30 June 2020 | % change |
|---|---|---|---|
| New Zealand based | 28,221 | 29,389 | 4.1% |
| Overseas based | 75,882 | 74,215 | -2.2% |
| Total | 104,103 | 103,604 | -0.5% |
| Amount overdue | 30 June 2019 | 30 June 2020 | % change |
|---|---|---|---|
| New Zealand based | $131,882,325 | $133,056,406 | 0.9% |
| Overseas based | $1,349,150,781 | $1,446,163,458 | 7.2% |
| Total | $1,481,033,106 | $1,579,219,865 | 6.6% |
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 | 44,502 | 4,407 | 48,909 |
| $2,000 - $3,999 | 44,445 | 4,546 | 48,991 |
| $4,000 - $5,999 | 43,761 | 4,910 | 48,671 |
| $6,000 - $7,999 | 42,916 | 5,254 | 48,170 |
| $8,000 - $9,999 | 37,997 | 5,380 | 43,377 |
| $10,000 - $14,999 | 73,674 | 13,048 | 86,722 |
| $15,000 - $19,999 | 59,052 | 10,597 | 69,649 |
| $20,000 - $24,999 | 49,933 | 9,630 | 59,563 |
| $25,000 - $29,999 | 38,753 | 8,160 | 46,913 |
| $30,000 - $34,999 | 31,523 | 6,733 | 38,256 |
| $35,000 - $39,999 | 26,157 | 5,544 | 31,701 |
| $40,000 - $44,999 | 20,811 | 4,735 | 25,546 |
| $45,000 - $49,999 | 15,768 | 3,776 | 19,544 |
| $50,000 - $54,999 | 12,203 | 3,449 | 15,652 |
| $55,000 - $59,999 | 9,864 | 2,811 | 12,675 |
| $60,000 - $79,999 | 21,438 | 6,915 | 28,353 |
| $80,000 - $99,999 | 6,952 | 3,551 | 10,503 |
| $100,000 - $119,999 | 2,571 | 1,951 | 4,552 |
| $120,000 - $139,999 | 1,150 | 1,191 | 2,341 |
| > $139,999 | 742 | 1,686 | 2,428 |
| Total | 584,212 | 108,274 | 692,486 |
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 |
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