All study and training loans are covered by one set of thresholds and rates.
NOTE: There is a hierarchy in which compulsory repayments are applied to study & training loans. Canwi does not apply this - we just treat each student loan debt as a HELP Debt. Thresholds for Help Debts are revised annually - we do not currently take this into account.
Study Loan Repayment Rates (FY24)
These thresholds determine the repayment rates for repayment income (RI) under the FY24 scheme. Repayment rates are applied as a percentage of your repayment income.
Effective from 2024 onwards
Lower Threshold | Upper Threshold | Rate |
0 | 54,434 | 0.00% |
54,435 | 62,850 | 1.00% |
62,851 | 66,620 | 2.00% |
66,621 | 70,618 | 2.50% |
70,619 | 74,855 | 3.00% |
74,856 | 79,346 | 3.50% |
79,347 | 84,107 | 4.00% |
84,108 | 89,154 | 4.50% |
89,155 | 94,503 | 5.00% |
94,504 | 100,174 | 5.50% |
100,175 | 106,185 | 6.00% |
106,186 | 112,556 | 6.50% |
112,557 | 119,309 | 7.00% |
119,310 | 126,467 | 7.50% |
126,468 | 134,056 | 8.00% |
134,057 | 142,100 | 8.50% |
142,101 | 150,626 | 9.00% |
150,627 | 159,663 | 9.50% |
159,664 | ∞ | 10.00% |
Constant Name: studyLoanRepaymentRatesFY24