Student Financial Supplement Scheme

Student Financial Supplement Scheme loans are no longer available.

If you have an outstanding loan you still need to pay the money back.

On this page

Repaying your loan

Repaying your loan is voluntary for the first 5 years of your loan contract. You get a discount on your loan if you make any voluntary repayments.

Compulsory repayments start on 1 June of the 6th year of your loan contract, through the Australian Taxation Office.

After 5 years, your loan balance is transferred to the Australian Taxation Office. Your compulsory repayments are collected through the tax system.

Year you started repaying your loan	Your taxable income	Repayment rate as a percentage of your taxable income
2007-08	Below $39,824	Nil
	$39,825–$48,896	2%
	$48,897–$69,405	3%
	$69,406 and above	4%

2008-09	Below $41,595	Nil
	$41,595–$51,070	2%
	$51,071–$72,492	3%
	$72,493 and above	4%

Your loan amount is adjusted on 1 June each year in line with the Consumer Price Index—that is, in line with increases in the costs of living.

On the Australian Taxation Office website

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