Student Loans and Allowances: 2010 key facts
Student Loans and Allowances: 2010 key facts:
In 2010:
• 212,469 students borrowed
from the student loan scheme, an increase of 13,746 students
(6.9 percent) compared with 2009.
• Students borrowed
an average of $7,300 in the year, $310 more (4.4 percent)
than in 2009. This was the highest increase in amount
borrowed since the student loan scheme began and was driven
by an increase in the amount borrowed for course fees (up
6.5 percent to $5,080).
• 93,942 students received a
student allowance, an increase of 13,236 students (16.4
percent) compared with 2009.
Of students who left study
in 2009:
• Bachelor graduates had an average leaving
debt of $25,750, up 3.3 percent compared with bachelor
graduates who left in 2008.
• The average income
received by borrowers and allowance recipients one year
post-study was $29,900, a decrease of 4.5 percent on the
income received a year after leaving study in 2008.
• The decrease in first-year income was particularly
evident for those aged 20–24 years, which decreased 7.0
percent compared with first-year income of students aged
20–24 years who left in 2008.
Of student loan borrowers
and allowance recipients who left study in
2005:
• Graduates aged 20–24 years earned an average
27.7 percent more in 2010 than students who left without
completing their qualification ($45,240 compared with
$35,430, respectively).