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BUDGET 2018, NEWS FOR STUDENT TAKING LOAN

AUSTRALIA STUDENT LOAN REPAYMENT TO START WHEN STARTS EARNING $ 42000 YEARLY INSTEAD OF PRESENT LIMIT OF  $ 54,000

Higher Education Loans (HECS, HELP)

As flagged prior to the 2017 Australian Federal Budget, the Federal government has revised the income thresholds for repayment of HELP debt, repayment rates and the indexation of repayment thresholds from 1 July 2018.

A new minimum threshold of $42,000 will be established with a 1 per cent repayment rate and a maximum threshold of $119,882 with a 10 per cent repayment rate.

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