Tertiary Education - Median annual earnings of young domestic graduates as % of national median earnings 2014–2015

Ministry of Education

Notes

Source: Stats NZ IDI, Ministry of Education interpretation.

Earnings are only calculated for young, domestic graduates who are not:
- overseas for nine or more months in the year
- doing any further formal study at a government-funded tertiary
education provider
- on a main benefit for more months than they are employed
- and who receive wages and salary earnings, paid parental leave
and/or accident compensation payments for at least four months
in a tax year and/or receive any self-employment earnings.
‘Young’ means graduates aged:
- 21 years or under for Level 1-4 certificates
- 23 years or under for Level 5-7 certificates/diplomas
- 24 years or under for three-year bachelors degrees, with each year
of additional study requirement adding a year to the age cut-off
for longer qualifications
- 26 years or under for graduate certificates/diplomas, bachelors
with honours degrees, or postgraduate certificates/diplomas
- 27 years or under for masters
- 29 years or under for doctoral students.

Definitions

Equivalent full-time student (EFTS): A measure used to count tertiary student numbers. A student taking a normal year’s full-time study generates one ‘equivalent full-time student’ unit. Part-time or part-year students are fractions of a unit.
Borrower: Any person who has drawn from the Student Loan Scheme and not yet repaid in full.
Active borrower: Someone who is currently borrowing from the scheme. Active borrowers will be either studying for the first time or continuing with their study.

Data provided by

Ministry of Education

Dataset name

Student Loan Scheme Annual Report 2017

Webpage:

http://www.educationcounts.govt.nz/publications/80898/2555/student-loan-scheme-annual-report-2017

How to find the data

At URL provided, select 'Student Loan Scheme 2017 Data Tables (XLS, 241.5 KB)' from the right-hand section.

Import & extraction details

File as imported: Student Loan Scheme Annual Report 2017

From the dataset Student Loan Scheme Annual Report 2017, this data was extracted:

  • Sheet: SLS 7
  • Range: C10:E17
  • Provided: 24 data points

Dataset originally released on:

December 2017

About this dataset

This dataset relates to the Student Loan Scheme, including loan uptake, amount borrowed, loan balance, and repayment.

Purpose of collection

This is the supporting data for the Student Loan Scheme Annual Report 2017. The purpose of this annual report is to inform Parliament and the New Zealand public about the performance of the Student Loan Scheme in 2016/17. It also includes the audited financial
schedules of the scheme for the year ending 30 June 2017.
The report describes how the loan scheme operates in the context of the New Zealand tertiary education system and the goals of the Tertiary Education Strategy; the contribution it makes in enabling greater access to, and participation in, tertiary education; and developments to the loan scheme and student support policy over time.
It also looks at the outcomes of the scheme and provides detailed information about borrowers and their lending and repayment patterns. Finally, the report gives a detailed financial analysis of costs and the valuation of the loan scheme.

Method of collection/Data provider

The information on active borrowers and borrowers in study is largely drawn from the Ministry of Social Development (MSD). Inland Revenue has supplied data on the repayments, loan balances and borrower segments. Tertiary education data and information on borrowing in the years before 2000 were supplied by the Ministry of Education.
Other data has come from Stats NZ’s Integrated Data Infrastructure. Data from these sources is complemented by information drawn from the Census, the Household Labour Force Survey and other published data sources.