A student loan includes the following components:
Table SL.1 sets out the limits that apply to each of the components of a Student Loan.
table SL.1: Maximum amounts available for a Student Loan, by component (applicable from 1 April 2011)
|Component||Maximum amount available|
|Tuition fees||Total cost|
|Course-related costs (annual)||$1,000.00|
|Living costs (weekly)||$172.51|
The living cost component of a Student Loan is reduced by the amount of any Student Allowance the student receives.
For current Student Loan eligibility criteria, please go to www.studylink.govt.nz.
A Student Loan is available to people who are:
People who are not eligible to receive a Student Loan include those who are:
People involved in the No Asset Procedure or subject to a Summary Instalment Order are eligible to receive a Student Loan.
A student will generally have a lifetime limit or a maximum of 7 equivalent full-time students (EFTS) of entitlement to a Student Loan. A student who has used 7 EFTS may be entitled to access the Student Loan in the following situations:
A student can only access each of the additional entitlements (above) once, to a total maximum of 10 EFTS (plus any additional study that took them over the 7 EFTS limit).
The EFTS count includes all courses for which the student accessed any part of a Student Loan, for study commencing on or after 1 January 2010, unless the student formally withdrew from a course and received a full refund of their tuition fees.
In Budget 2011, a number of significant policy changes to Student Loans were announced. The current eligibility criteria can be viewed at www.studylink.govt.nz.
To be eligible to access a Student Loan, a student must be:
Student Loans are not income tested.
Some of the above groups are only eligible to access a Student Loan to pay course fees. Others may also access a Student Loan for course-related costs or living costs.
To access a Student Loan for living costs, students must meet the above eligibility criteria and be enrolled in full-time courses, or have StudyLink’s approval to study with limited full-time status.
Students enrolled in courses that are part-time and less than 32 weeks long can only receive a Student Loan for fees.
Prisoners are eligible to access a Student Loan for compulsory fees and course-related costs, subject to the agreement of the prison authority. Prisoners are not able to receive living costs. People on home detention can access living costs.
Recipients of a main benefit may not be able to continue to receive that benefit when studying full-time. Those eligible to do so may be able to access a Student Loan for compulsory fees and course-related costs, depending on the amount of any Training Incentive Allowance paid towards these costs.
This information does not reflect:
table SL.2: Numbers of students receiving a Student Loan, by amount
|Annual amount drawn||Number of students1|
|$5,000 – < $10,000||64,962||69,218||80,736||93,857||94,837|
|$10,000 – < $15,000||37,567||39,633||42,715||45,346||43,747|
|$15,000 – < $20,000||3,149||3,288||4,102||5,553||6,689|
|$20,000 – < $30,000||736||798||997||1,218||1,543|
|$30,000 – < $40,000||220||195||228||267||298|
|$40,000 – < $50,000||133||161||125||143||132|
|$50,000 or over||211||296||222||337||432|
table SL.3: Types of Student Allowance received by students with a Student Loan
|Type of Student Allowance received when drawing made||Students making drawings against a Student Loan1|
|Single – parentally income tested2 away from home||18,436||20,154||23,912||28,731||29,408|
|Single – parentally income tested2 at home||10,052||11,281||14,803||17,566||19,148|
|Single – not parentally income tested away from home||11,899||11,869||17,062||20,466||21,145|
|Single – not parentally income tested at home||1,577||1,649||2,878||2,822||3,111|
|Single – student in independent circumstances||1,745||1,656||1,886||1,801||1,831|
|Single – student with dependent child(ren)||1,227||1,235||1,542||1,896||2,063|
|Couple – both students3||1,303||986||1,107||1,276||1,138|
|Couple – student with dependent spouse or partner3||3,813||3,649||4,733||5,507||5,243|
|Couple – student with earning spouse or partner3||1,072||1,049||1,446||1,860||1,902|
|Not receiving any Student Allowance||122,667||125,005||129,369||130,560||122,341|
Around one in two of the students accessing a Student Loan were attending universities
From 2007 to 2011, between 51% and 53% of students accessing a Student Loan were attending universities (see table SL.4). The proportion of students accessing Student Loans who were attending institutes of technology and polytechnics increased slightly over this period (from 23% to 28%) (see table SL.4).
table SL.4: Types of institutions attended by students with a Student Loan
|Type of institution||Students with a Student Loan1|
|Institute of technology or polytechnic||40,415||42,009||50,686||57,686||58,845|
|Private training establishment||35,270||35,151||35,677||35,802||34,057|
|More than one institution3||3,197||3,366||4,211||4,370||3,783|
Most borrowers used more than one Student Loan component (eg course fees and living costs) during the same academic year. Adding the number of students using each component would count many students more than once.
The number of students using each component decreased slightly in 2011
This decrease (see table SL.5) followed the growth between 2007 and 2010 (and particularly between 2008 and 2010) in the use of each component. This pattern may have reflected in part:
table SL.5: Numbers of students accessing each Student Loan component
|Component||Number of students1|