2 November 2018
Mr Zane Johnston
[FYI request #8849 email]
Dear Mr Johnston
Thank you for your requests made under the Official Information Act 1982 (the Act), received on
10 October 2018. You requested the following:
What is the total amount of NZ student loan debt owing by overseas based borrowers?
How much of that debt is the actual principal?
If you can provide these figures from either the 30th June 2018 or the most recent date
feasible that would be much appreciated
How many overseas based student loan borrowers are there?
How much is the total amount owing by overseas based borrowers? (as per initial request)
How much is the total amount of principal owing by overseas based borrowers? (as per
initial request)
How many overseas based student loan borrowers are in default?
How much is the total amount owing by overseas based borrowers in default?
How much is the total amount of principal owing by overseas based borrowers in default?
The requested information is provided in the appendix below. The data has been provided as at
30 September 2018. The figures have been rounded up.
Thank you for your request.
Yours sincerely
Kaylynne Bell
Group Lead
Customer and Compliance Services, Individuals
Appendix
Overseas-based borrower data as at 30 September 2018 (rounded up)
Overseas-
based
Principal
Net payment
Administration
Borrowers
amount
Net interest
Net penalties
transfers
fees
Total loan balance
Compliant
36,000
$1,200,000,000
$400,000,000
$12,000,000
-$660,000,000
$8,000,000
$960,000,000
In default
73,000
$1,400,000,000
$900,000,000
$440,000,000
-$400,000,000
$20,000,000
$2,360,000,000
Total
109,000
$2,600,000,000 $1,300,000,000
$452,000,000
-$1,060,000,000
$28,000,000
$3,320,000,000