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
2023–24
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.
Repayment income (RI) |
Repayment rate |
---|---|
Below $51,550 |
Nil |
$51,550 - $59,518 |
1.0% |
$59,519 - $63,089 |
2.0% |
$63,090 - $66,875 |
2.5% |
$66,876 - $70,888 |
3.0% |
$70,889 - $75,140 |
3.5% |
$75,141 - $79,649 |
4.0% |
$79,650 - $84,429 |
4.5% |
$84,430 - $89,494 |
5.0% |
$89,495 - $94,865 |
5.5% |
$94,866 - $100,557 |
6.0% |
$100,558 - $106,590 |
6.5% |
$106,591 - $112,985 |
7.0% |
$112,986 - $119,764 |
7.5% |
$119,765 - $126,950 |
8.0% |
$126,951 - $134,568 |
8.5% |
$134,569 - $142,642 |
9.0% |
$142,643 - $151,200 |
9.5% |
$151,201 and above |
10% |
Previous repayment thresholds and rates
2022–23
Repayment income (RI) |
Repayment rate |
---|---|
Below $48,361 |
Nil |
$48,361 – $55,836 |
1.0% |
$55,837 – $59,186 |
2.0% |
$59,187 – $62,738 |
2.5% |
$62,739 – $66,502 |
3.0% |
$66,503 – $70,492 |
3.5% |
$70,493 – $74,722 |
4.0% |
$74,723 – $79,206 |
4.5% |
$79,207 – $83,958 |
5.0% |
$83,959 – $88,996 |
5.5% |
$88,997 – $94,336 |
6.0% |
$94,337 – $99,996 |
6.5% |
$99,997 – $105,996 |
7.0% |
$105,997 – $112,355 |
7.5% |
$112,356 – $119,097 |
8.0% |
$119,098 – $126,243 |
8.5% |
$126,244 – $133,818 |
9.0% |
$133,819 – $141,847 |
9.5% |
$141,848 and above |
10% |
2021–22
Repayment income (RI) |
Repayment rate |
---|---|
Below $47,014 |
Nil |
$47,014 – $54,282 |
1.0% |
$54,283 – $57,538 |
2.0% |
$57,539 – $60,991 |
2.5% |
$60,992 – $64,651 |
3.0% |
$64,652 – $68,529 |
3.5% |
$68,530 – $72,641 |
4.0% |
$72,642 – $77,001 |
4.5% |
$77,002 – $81,620 |
5.0% |
$81,621 – $86,518 |
5.5% |
$86,519 – $91,709 |
6.0% |
$91,710 – $97,212 |
6.5% |
$97,213 – $103,045 |
7.0% |
$103,046 – $109,227 |
7.5% |
$109,228 – $115,781 |
8.0% |
$115,782 – $122,728 |
8.5% |
$122,729 – $130,092 |
9.0% |
$130,093 – $137,897 |
9.5% |
$137,898 and above |
10% |
2020–21
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 – $114,809 |
8.0% |
$114,810 – $121,698 |
8.5% |
$121,699 – $128,999 |
9.0% |
$129,000 – $136,739 |
9.5% |
$136,740 and above |
10% |
2019–20
From 1 July 2019, all study and training loans are covered by one set of 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
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
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
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
Repayment income (RI) |
Repayment rate |
---|---|
Below $55,874 |
Nil |
$55,874 – $68,602 |
2% |
$68,603 – $97,377 |
3% |
$97,378 and above |
4% |