Sunday, July 05, 2009

Student Debt

Some stats regarding student debt in New Zealand:

As at June 2008, the total student debt is $9.53 billion. (Yup, billion.)

530, 289 people have student loans of varying sizes.

The average student debt is $16,129 - but nearly 1400 people owed over $100,000, and a small number (20) owe over $200,000.

Nearly 20% of debtors are in arrears. That's some $207.1 million that's overdue.

Of these 20% (around 105,000 people) 33,000 are overseas, and their overdue repayments total some $64.4 million. Let's hope they come home!

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