The income levels for repayment of the Student Financial Supplement Scheme (SFSS) and the repayment rates for the 2014/15 financial year are set out below.


Repayment income (RI*) thresholdsRepayment rate
Below $53,345Nil
$53,345-$65,4972% of RI
$65,498-$92,9703% of RI
$92,971 and above4% of RI

*RI= Taxable income plus any total net investment loss (which includes net rental losses), total reportable fringe benefits amounts, reportable superannuation contributions and exempt foreign employment income.


  1. Hello. I was just wondering if I live out of the country and never work again (i.e. I am a housewife and married abroad) then will I have to repay this debt?
    And if so how?

    1. Author

      Anita, The criteria to pay off the debt is if you earn more than $53,345 as your adjustable taxable income you pay off the debt, otherwise no payment needs to be made. The debt is not taken from the estate of a person upon death.

  2. Hi, What I would like to know is how this loan debt of mine has increased exponentially from 3 years of loan amounting to approx. 19000 to an amount of over $30000 when I was specifically told that it was an interest free loan. I would not have signed up for it otherwise.

    I am quite interested in a class action or any other kind of involvement with having these loan conditions reviewed by the government, and can possibly provide proof of the above – I will have to go through some old boxes of paperwork.

    1. Hi I signed up to the ‘mature age student supplementary loan scheme’ in 2002. My loan was revoked in 2004 with 1 week notice prior to census day. My Austudy component was not returned and forced me to return to the construction industry from which I had an involuntary redundancy due to injury. I was then injured again in 2007 and received a TPD claim through 2 super policies. The ATO now wants 20k due to the taxable component. I did not leave uni for any reason beyond the financial hardship imposed by reneging on a contract signed between me and the ATO for the duration of the degree. THANKS.

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