A notice has been gazetted specifying the repayment incomes and repayment rates for the Higher Education Loan Program (HELP) for the 2016-17 financial year. This notice (dated 9 May 2016) revokes the previous notice (dated 1 March 2016). The details are:
| HELP repayment thresholds and rates 2016-17 | |
|---|---|
| For repayment income in the range | Percentage rate to be applied to repayment income |
| 0 – 54,868 | Nil |
| 54,869 – 61,119 | 4.0 |
| 61,120 – 67,368 | 4.5 |
| 67,369 – 70,909 | 5.0 |
| 70,910 – 76,222 | 5.5 |
| 76,223 – 82,550 | 6.0 |
| 82,551 – 86,894 | 6.5 |
| 86,895 – 95,626 | 7.0 |
| 95,627 – 101,899 | 7.5 |
| 101,900+ | 8.0 |
[Federal Register of Legislation – Notification] [LTN 87, 9/5/16]