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Administered by: Education, Skills and Employment
Published Date 01 Apr 2021

 

DEPARTMENT OF EDUCATION, SKILLS AND EMPLOYMENT

NOTIFICATION UNDER THE HIGHER EDUCATION SUPPORT ACT 2003

The following notice specifies the repayment incomes and repayment rates for the Higher Education Loan Program (HELP) for the 2021-22 income year. It has been made under the Higher Education Support Act 2003 (HESA). A copy of the repayment incomes and rates can be obtained from the Study Assist website at www.studyassist.gov.au or the Director, HELP Policy Programs Tuition Assurance team, Higher Education Division, Department of Education, Skills and Employment, GPO Box 9880, Canberra City, ACT 2601, or by telephoning (02) 6240 9577.

HESA section

Description

154-10

The minimum repayment income for the 2021-22 income year is $47,014.

154-20

The following are the amounts referred to in s.154-20 of HESA for the 2021-22 income year:

Applicable percentages

 

Item

If the person’s repayment income is:

The percentage applicable is:

1

More than or equal to
$47,014

1.0%

2

More than or equal to
$54,282

2.0%

3

More than or equal to
$57,539

2.5%

4

More than or equal to
$60,992

3.0%

5

More than or equal to
$64,651

3.5%

6

More than or equal to
$68,530

4.0%

7

More than or equal to
$72,642

4.5%

 

Section

Description

..cont

 

 

Applicable percentages

 

Item

If the person’s repayment income is:

The percentage applicable is:

8

More than or equal to
$77,001

5.0%

9

More than or equal to
$81,621

5.5%

10

More than or equal to
$86,519

6.0%

11

More than or equal to
$91,710

6.5%

12

More than or equal to
$97,213

7.0%

13

More than or equal to
$103,045

7.5%

14

More than or equal to
$109,227

8%

15

More than or equal to
$115,679

8.5%

16

More than or equal to
$122,729

9.0%

17

More than or equal to
$130,092

9.5%

18

More than or equal to
$137,898

10.0%