[tp_vc_headline headline=”HELP, TSL and SFSS repayment thresholds and rates” headline_size=”h3″ underline=”on”]
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The repayment thresholds and rates for the compulsory repayment of Higher Education Loan Program (HELP), Trade Support Loan (TSL) and the Student Financial Supplement Scheme (SFSS) debts are updated annually.

 

HELP and TSL repayment thresholds and rates

2015-16

Repayment income (RI*) Repayment rate
Below $54,126 Nil
$54,126 – $60,292 4.0%
$60,293 – $66,456 4.5%
$66,457 – $69,949 5.0%
$69,950 – $75,190 5.5%
$75,191 – $81,432 6.0%
$81,433 – $85,718 6.5%
$85,719 – $94,331 7.0%
$94,332 – $100,519 7.5%
$100,520 and above 8.0%

2014-15

Repayment income (RI*) Repayment rate
Below $53,345 Nil
$53,345 – $59,421 4.0%
$59,422 – $65,497 4.5%
$65,498 – $68,939 5.0%
$68,940 – $74,105 5.5%
$74,106 – $80,257 6.0%
$80,258 – $84,481 6.5%
$84,482 – $92,970 7.0%
$92,971 – $99,069 7.5%
$99,070 and above 8.0%

*RI = 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.

HELP repayment thresholds and rates 2013-14

2013-14

Repayment income (RI*) Repayment rate
Below $51,309 Nil
$51,309 – $57,153 4.0%
$57,154 – $62,997 4.5%
$62,998 – $66,308 5.0%
$66,309 – $71,277 5.5%
$71,278 – $77,194 6.0%
$77,195 – $81,256 6.5%
$81,257 – $89,421 7.0%
$89,422 – $95,287 7.5%
$95,288 and above 8.0%

*RI = 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.

SFSS repayment thresholds and rates

2015–16

Repayment income (RI*) thresholds Repayment rate
Below $54,126 Nil
$54,126 – $66,456 2%
$66,457 – $94,331 3%
$94,332 and above 4%

2014–15

Repayment income (RI*) thresholds Repayment rate
Below $53,345 Nil
$53,345 – $65,497 2%
$65,498 – $92,970 3%
$92,971 and above 4%

2013–14

Repayment income (RI*) thresholds Repayment rate
Below $51,309 Nil
$51,309 – $62,997 2%
$62,998 – $89,421 3%
$89,422 and above 4%

*RI= 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.