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  • Individuals  >  Payments  > 
  • Student Financial Supplement Scheme
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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
  • Making repayments
  • Repayment rates
  • Repayment rate adjustments
  • Find out more

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

  • Changes to the Student Financial Supplement Scheme

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  • Centrelink ABN: 29 468 422 437
  • Page last updated: 19 November 2009