Study and training loan repayment thresholds and rates

The repayment thresholds and rates are updated annually for the compulsory repayment of

Higher Education Loan Program (HELP)

VET Student Loan (VSL)

Student Financial Supplement Scheme (SFSS)

Student Start-up Loan (SSL)

ABSTUDY Student Start-up Loan (ABSTUDY SSL)

Trade Support Loan (TSL).

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Study and training loan repayment thresholds and rates

2020-21

All study and training loans are covered by one set of thresholds and rates.

The hierarchy in which compulsory repayments are applied to study and training loans is:

HELP

VSL

SFSS

SSL

ABSTUDY SSL

TSL

Note repayment income (RI) is taxable income plus any total net investment loss (which includes net rental losses), total reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income.

2020–21 repayment income thresholds and rates Repayment income (RI) Repayment rate Below $46,620 Nil $46,620 - $53,826 1.0% $53,827 - $57,055 2.0% $57,056 - $60,479 2.5% $60,480 - $64,108 3.0% $64,109 - $67,954 3.5% $67,955 - $72,031 4.0% $72,032 - $76,354 4.5% $76,355 - $80,935 5.0% $80,936 - $85,792 5.5% $85,793 - $90,939 6.0% $90,940 - $96,396 6.5% $96,397 - $102,179 7.0% $102,180 - $108,309 7.5% $108,310 - $114,707 8.0% $114,708 - $121,698 8.5% $121,699 - $128,999 9.0% $129,000 - $136,739 9.5% $136,740 and above 10%

Previous repayment thresholds and rates

From 1 July 2019, all study and training loans are covered by one set of thresholds and rates.

2019–20 repayment income thresholds and rates Repayment income (RI) Repayment rate Below $45,881 Nil $45,881 - $52,973 1.0% $52,974 - $56,151 2.0% $56,152 – $59,521 2.5% $59,522 - $ 63,092 3.0% $63,093 - $66,877 3.5% $66,878 - $70,890 4.0% $70,891 - $75,144 4.5% $75,145 - $79,652 5.0% $79,653 - $84,432 5.5% $84,433 - $89,498 6.0% $89,499 - $94,868 6.5% $94,869 - $100,560 7.0% $100,561 - $106,593 7.5% $106,594 - $112,989 8.0% $112,990 - $119,769 8.5% $119,770 - $126,955 9.0% $126,956 - $134,572 9.5% $134,573 and above 10%

HELP, SSL, ABSTUDY SSL, and TSL repayment thresholds and rates

2018–19

2018–19 repayment income thresholds and rates for HELP, SSL, ABSTUDY SSL and TSL Repayment income (RI) Repayment rate Below $51,957 Nil $51,957 – $57,729 2.0% $57,730 – $64,306 4.0% $64,307 – $70,881 4.5% $70,882 – $74,607 5.0% $74,608 – $80,197 5.5% $80,198 – $86,855 6.0% $86,856 – $91,425 6.5% $91,426 – $100,613 7.0% $100,614 – $107,213 7.5% $107,214 and above 8.0%

2017–18

2017–18 repayment income thresholds and rates for HELP, SSL, ABSTUDY SSL and TSL Repayment income (RI) Repayment rate Below $55,874 Nil $55,874 – $62,238 4.0% $62,239 – $68,602 4.5% $68,603 – $72,207 5.0% $72,208 – $77,618 5.5% $77,619 – $84,062 6.0% $84,063 – $88,486 6.5% $88,487 – $97,377 7.0% $97,378 – $103,765 7.5% $103,766 and above 8.0%

SFSS repayment thresholds and rates

2018–19

2018–19 repayment income thresholds and rates for SFSS Repayment income (RI) Repayment rate Below $51,957 Nil $51,957 – $64,306 2% $64,307 – $91,425 3% $91,426 and above 4%

2017–18

2017–18 repayment income thresholds and rates for SFSS Repayment income (RI) Repayment rate Below $55,874 Nil $55,874 – $68,602 2% $68,603 – $97,377 3% $97,378 and above 4%

A list of repayment thresholds and rates for the compulsory repayment of Higher Education Loan Program (HELP),and other related assistance programs.

Last modified: 30 Jun 2020

QC 16176