A notice has been gazetted specifying the repayment incomes and repayment rates for the Higher Education Loan Program (HELP) for the 2015-16 financial year. The details are as follows.
HELP repayment thresholds and rates 2015-16
| For repayment income in the range | Repayment % to be applied to income |
| Below $54,126 |
Nil |
| $54,126 to $60,293 |
4.0% |
| $60,294 to $66,457 |
4.5% |
| $66,458 to $69,950 |
5.0% |
| $69,951 to $75,191 |
5.5% |
| $75,192 to $81,433 |
6.0% |
| $81,434 to $85,719 |
6.5% |
| $85,720 to $94,332 |
7.0% |
| $94,333 to id=”mce_marker”00,520 |
7.5% |
| id=”mce_marker”00,521 and above |
8.0% |
[LTN 31, 17/3/15] [IT 18/3/15]