Notification of repayment incomes and repayment rates for the Higher Education Loan Program (HELP) for the 2019-20 income year

DEPARTMENT OF EDUCATION AND TRAINING

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 2019-20 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 and Programs team, Higher Education Group, Department of Education and Training, GPO Box 9880, Canberra City, ACT 2601, or by telephoning (02) 6240 9577.

HESA section

Description

154-10

The minimum repayment income for the 2019-20 income year is $45,880, as referred in s.152-10 of HESA.

154-20

The following are the amounts referred to in s.154-20 of HESA for the 2019-20 income year:

Applicable percentages
Item	If the person’s repayment income is:	The percentage applicable is:
1	More than or equal to $45,881	1.0%
2	More than or equal to $52,974	2.0%
3	More than or equal to $56,152	2.5%
4	More than or equal to $59,522	3.0%
5	More than or equal to $63,093	3.5%
6	More than or equal to $66,878	4.0%
7	More than or equal to $70,891	4.5%

Section

Description

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Applicable percentages
Item	If the person’s repayment income is:	The percentage applicable is:
8	More than or equal to $75,145	5.0%
9	More than or equal to $79,653	5.5%
10	More than or equal to $84,433	6.0%
11	More than or equal to $89,499	6.5%
12	More than or equal to $94,869	7.0%
13	More than or equal to $100,561	7.5%
14	More than or equal to $106,594	8%
15	More than or equal to $112,990	8.5%
16	More than or equal to $119,770	9.0%
17	More than or equal to $126,956	9.5%
18	More than or equal to $134,573	10.0%

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