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.
Making repayments
Compulsory repayments
After 5 years, your loan balance is transferred to the Australian Taxation Office. Your compulsory repayments are collected through the tax system.
Repayment rates
| 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% |
Repayment rate adjustments
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.
Find out more
- Studying or training section
On the Australian Taxation Office website
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