Student Loans and Allowances: 2008

Highlights

Of students enrolled in 2008, 37.5 percent borrowed, an increase from 34.7 percent in 2007.
The average student loan leaving debt reached a high of $14,980 in 2007, up from $14,620 in 2006.
The number of students aged 60+ who left study with debt more than doubled from 960 students in 2006 to 2,136 in 2007. Their leaving debt also increased 60.3 percent, from $13,720 in 2006 to $22,000 in 2007.

The average income one year after leaving study was $30,200 for 2007 leavers, the same as the average income in 2007 for 2006 leavers. This is the first time since 1998 that average income has not increased from one leaving cohort to another.
The average income one year after leaving study for leavers aged less than 20 decreased from $19,870 (2006 leavers) to $19,550 (2007 leavers). For leavers aged 20–24, their average income one year after leaving study decreased from $30,140 (2006 leavers) to $29,870 (2007 leavers).

Average Student Loan Leaving Debt

Geoff Bascand	2 December 2009
Government Statistician	ISSN 1178-0665