VSL & HELP Repayment Thresholds & Rates
The government generously provides financial assistance so that all Australians may receive higher education without the financial burden of upfront payments.
2022 Student Loan Repayment Rates
The financial assistance is by way of a debt that is repaid once you start earning an income above $48,361.
Your repayment income is taxable income in your tax return plus the total of your net investment loss, including net rental losses, plus any reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income…
Continue reading to see a table of rates and for an example showing how to calculate your repayment income…
Read the full article in WFO 2023 Mar Issue 3 – Click below to subscribe now
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Read 2022 Student Loan Repayment Rates and find out the rates and thresholds in WFO 2023 Mar Issue 3
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