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Student qualification value calculator
This calculator helps you put a dollar value on your qualification over time.
Be aware no one can tell you exactly what your income will be in the future, so regard this calculator as a guide only. Like any other major decision in life, money is just one important factor.
- Results are in today's dollars - this means that any amount you pay or receive in the future will have the same buying power as this many dollars today.
Learn more about Today's Dollars. - These calculators are designed to give you ballpark figures only - in other words, they won't be exact to the absolute dollars and cents.
- You don't need to use dollar signs or commas when inserting dollar amounts. Example: 10500 not $10,500.
- Fees for domestic students at NZ tertiary institutions for 2010
Compulsory fees – you can borrow the entire amount of your course fees (including Student Association fees) for study at a university or tech. There's a limit of $6,500 a year for private training establishments.
Area of study Years to complete Cost per year* University Degrees Architecture (Auckland University) 5 years $4,922-$6,005 Arts (Canterbury University) 3 years $4,479 Business Studies (undergraduate - Massey University) 3 years $4,384 Commerce (Auckland University) 3 years $4,849 Dentistry (Otago University) 5 years $11,546 Design (Massey University) 4 years $4,978.00 Fine Arts (Auckland University) 4 years $5,194 Engineering (Auckland University) 4 years $6,005 Law (Canterbury University) 4 years $4,693 Medicine (Otago University) 6 years $11,546 Music (Auckland University) 4 years $4,501-$5,194 Nursing (post-graduate - Victoria University) 1 year $6,528 Optometry (Auckland University) 4 years $6,569 Physiotherapy (Otago University) 4 years $5194-$6061 Pharmacy (Auckland University) 4 years $5,843 Teaching (Primary & Secondary - Auckland University) 3 years $4,501 Veterinary Science (Massey University) 5 years $9,054 Other Training Organisations Bachelor in Hospitality Management (Weltec) 3 years $4,957 National Certificate in Exercise Science (Weltec) 1 year $5,036 Certificate in Business Administration (Weltec) 19 weeks $2,434 National Certificate in Hairdressing (Weltec) 1 year $5,845 National Diploma in Mechanical Engineering (Weltec) 2 years TBA Diploma in Early Childhood Education (NZ College of Early Childhood Education) 3 years $4,250 Diploma of Therapeutic Massage (Wellpark College of Natural Therapies) 18 Months $4,585 Diploma in Fashion Design (Design & Arts College of NZ) 2 Years $5,350 Diploma in Contemporary Photography (Design & Arts College of NZ) 2 years $5,360
* Figures are indicative only and vary between different training organisations, and are reviewed on a yearly basis. Always check the course is one approved by the Ministry of Education for student loan purposes before you enrol.
[back] - Course costs per year
What you'll have to pay to take part in the course e.g. textbooks, stationery, photocopying. Ask your tertiary institution for an estimate of your course-related costs.
[back] - Course-related costs
You can borrow up to $1,000 a year for things like stationery, textbooks, childcare, travel or computer equipment.
[back] - Living costs
You can borrow up to $160 a week for living expenses for the weeks you're studying (37 weeks is the average academic year). This is direct credited to your account each week.
[back] - Your income from part-time or holiday work
An example
$4,440 from part-time work per year + $2,000 holiday job = $6,440 (before tax).
Depending on how demanding your course is, you could be working 10 hours a week for $12 per hour x 37 weeks = $4,440
Over the summer break, you could work 40 hours per week @ $12 per hour x 12 weeks = $5,760. You could save $2,400.
[back] - Your future earnings – loan
1. Annual starting income
Source: Median personal income by qualification - 20-24 years 2006 Census, Statistics New Zealand.
Doctorate degree $27,501 Masters degree $24,091 Post graduate and Honours degree $27,468 Bachelor degree and Level 7 qualifications $26,649 Level 6 diploma $25,659
2.Get more salary information at the Career Services website
[back] - Your future earnings in 20 years
Average income
Source: Median personal income by qualification - 40-44 years 2006 Census, Statistics New Zealand.
Doctorate degree $78,422 Masters degree $60,366 Post-graduate and honours degree $57,922 Bachelor degree and level 7 qualifications $51,342 Level 6 diploma $43,189
For more salary information check out the Career Services website.
[back] - Your future earnings without study
Average income
Source: Median personal income by qualification - 2006 census, Statistics New Zealand
Highest Qualification 15-19 years 20-24 years 25-29 years 30-34 years 35-39 years 40-44 years 45-49 years School qualification $5,109 $22,657 $32,510 $35,395 $35,559 $35,260 $35,672 No qualification $4,846 $24,291 $27,946 $29,385 $30,258 $30,305 $30,464
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