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16 Jan 2026 9:06
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      Home > News > Business

    Rising living costs are driving up both the number of first-time student loan borrowers, and the size of their loans

    Rising living costs are driving up both the number of first-time student loan borrowers, and the size of their loans


    The Ministry of Education has released its Student Loan Scheme Annual Report for 2025, showing total borrower numbers rose 0.7 percent year-on-year to 622-thousand.

    Just over 14.7 million dollars was borrowed through the scheme last year - up 5.8 percent.

    The average amount climbed to around 12-thousand dollars, 582 dollars more than the previous year.

    More people entered the scheme than those who left.

    © 2026 Newstalk ZB, NZCity

     Other Business News
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     15 Jan: Many retailers seem to be treading water, as consumers anxious about job security hold off on the nice-to-haves
     15 Jan: Shops continue to be hit by high unemployment and low consumer confidence
     14 Jan: EB Games New Zealand will be closing-up shop at the end of this month, after 25 years
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    Questions continue to swirl over Scott Robertson's departure as All Blacks coach More...

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    ???1;The construction sector's feeling optimistic, despite weak demand More...


     Today's News

    		 Law and Order:
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    Tommy Lee Jones is reportedly keeping a "low profile" while he grieves the death of his daughter Victoria Jones 8:53

     Motoring:
    Two people are dead after a serious crash on Te Rapa Road in Hamilton overnight 8:47

     International:
    Who could lead Iran if the Islamic Republic falls? 8:47

     Entertainment:
    Jason Segel "can't wait" to marry his fiancee, Kayla Radomski 8:23

     Rugby:
    Questions continue to swirl over Scott Robertson's departure as All Blacks coach 8:07

     Rugby:
    The attention's now on how New Zealand Rugby approaches its hunt for a new CEO and All Blacks coach 7:57

     Politics:
    Former Police Commissioner Andrew Coster has been spotted at a cafe with his former boss, Public Service Commissioner Sir Brian Roche 7:57

     Entertainment:
    Hamnet taught Paul Mescal that he cannot be his best self without his loved ones 7:53

     Rugby:
    New Zealand Rugby chair David Kirk is vowing to get the right person in charge and insists there's no rush in appointing a new All Blacks coach 7:27

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