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The total amount of student loan debt in New Zealand has increased from 934 million [53] in 2002 to 16 billion [54] in 2021. In 2003, the average student loan debt was 12,280. [55] According to recent data that was published November 2022, the average student debt in New Zealand is now around $24,000. [54]
New Zealand provides student loans and allowances to tertiary students who satisfy the funding criteria. Full-time students can claim loans for both fees and living costs while part-time students can only claim training institution fees. While the borrower is a resident of New Zealand, no interest is charged on the loan.
Following the abolition of the provinces in November 1876, New Zealand established a free, compulsory, and secular national state education system from 1 January 1878, largely modelled on the Canterbury system. [18] Victorian ideals had an influence on New Zealand education and schools even if open to both genders would often separate boys and ...
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School fees in New Zealand is a term referring to monetary payments by parents or guardians to their child's school.. In state and state-integrated schools, "school fees" is most commonly used to describe a request from schools to parents or guardians for a donation (usually annual) to their child's school.
Students enrolling in courses that total more than 0.8 EFTS in any one year are generally considered to be full-time students. For full-time, part year courses there is corresponding lower full-time EFTS values. Full-time students are eligible for loans and allowances to pay for living costs. Part-time students enrolled in more than 0.25 EFTS ...
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The University of New Zealand system – where it was the only degree-granting university in New Zealand – lasted until 1961. [3] Now the colleges are independent universities in their own right, and since 1961 four new universities have been created: Auckland University of Technology, Lincoln University, Massey University and Waikato University.