All data can be found in an Excel download located on the student loan dataset page. Data is updated two months post the end of each quarter.
Datasets for student loan statistics
Overdue repayments
If a borrower does not meet some or all of their repayment obligations by the due date, the amount due but not paid becomes an overdue repayment. Late payment interest is charged on the overdue amount.
For information on current and historical rates of interest, see our page on student loan interest and fees.
Student loan interest and fees
Number of student loan borrowers with overdue repayments
This graph shows the number of New Zealand-based and overseas-based student loan borrowers with overdue repayments as at the end of each quarter.
This graph has multiple vertical bars tracking the number of New Zealand-based and overseas-based student loan borrowers with overdue repayments. The vertical axis shows the number of borrowers. The horizontal axis shows quarterly data from March 2013 to 31 March 2024.
As at 31 March 2024 the:
- Total number of New Zealand-based borrowers with overdue repayments increased by 0.5% from 29,782 in March 2023 to 29,944 in March 2024.
- Total number of overseas-based student loan borrowers with overduerepayments decreased by 7.0% from 83,982 in March 2023 to 78,087 in March 2024.
- Total number of all student loan borrowers with overdue repayments decreased by 5.0% from 113,764 in March 2023 to 108,031 in March 2024.
Note:
- A borrower is any person who has drawn from the Student Loan Scheme and not yet repaid in full.
Amount of overdue student loan repayments
This graph shows the amount of overdue student loan repayments for New Zealand-based and overseas-based borrowers as at the end of each quarter.
This graph has multiple vertical bars tracking the value of New Zealand-based and overseas-based student loan borrowers with overdue repayments. The vertical axis shows the value of overdue repayments. The horizontal axis shows quarterly data from March 2013 to 31 March 2024.
As at 31 March 2024 the:
- Overdue repayments for New Zealand-based borrowers increased by 8.1% from $0.157 billion in March 2023 to $0.170 billion in March 2024.
- Overdue repayments for overseas-based borrowers increased by 4.2% from $2.052 billion in March 2023 to $2.138 billion in March 2024.
- Overdue repayments for all borrowers increased by 4.5% from $2.208 billion in March 2023 to $2.308 billion in March 2024.
Notes:
- If payments are not made on time, late payment interest may be charged. This is only charged on the overdue amount, and only if the overdue amount is $334 or more. It will keep being charged until borrowers have caught up with payments.
- For overseas-based borrowers, interest is calculated daily and added to the loan balance at the end of the year.
- A borrower is any person who has drawn from the Student Loan Scheme and not yet repaid in full.