A notice has been gazetted specifying the repayment incomes and repayment rates for the Higher Education Loan Program (HELP) for the 2014-15 financial year. The details are:
|
HELP repayment thresholds and rates 2014-15 |
|
| For repayment income in the range | Percentage rate to be applied to repayment income |
| Below $53,345 | 3.0% |
| $53,345 to $59,422 | 3.5% |
| $59,423 to $65,498 | 4.0% |
| $65,499 to $68,940 | 4.5% |
| $68,941 to $74,106 | 5.5% |
| $74,107 to $80,258 | 6.0% |
| $80,259 to $84,482 | 6.5% |
| $84,483 to $92,971 | 7.0% |
| $92,972 to $99,070 | 7.5% |
| $99,071 and above | 8% |
[LTN 57, 25/3/14]