The Student Financial Supplement Scheme (SFSS) was a voluntary student loan scheme which closed on 31 December 2003.
The Tax Office continues to recover the loan repayments by adding to income tax assessments, based on minimum income levels.
Repayment income is taxable income plus any total net investment loss (which includes net rental losses), total reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income. Repayments are calculated as a percentage of Repayment Income.
From 1 July 2019, SFSS loans are covered by the HELP repayment tables, together with all study and training loans.
For repayment schedules and rates from 2019-20 onwards, see HELP Student Loan Scheme Repayments
Under the single rates and repayments arrangements, compulsory loan repayments are credited to loans in the following order of priority:
HELP
VSL
SFSS
SSL
ABSTUDY SSL
TSL
Repayment Income Thresholds and Rates
SFSS repayments 2018-19
For repayment schedules and rates from 2019-20 onwards, see HELP Student Loan Scheme Repayments
| Repayment Income | Repayment Rate |
| Up to $51,957 | Nil |
| $51,957 to $64,306 | 2% |
| $64,307 to $91,425 | 3% |
| over $91,425 | 4% |
SFSS repayments 2017-18
| Repayment Income | Repayment Rate |
| Up to $51,957 | Nil |
| $55,874 to $68,602 | 2% |
| $68,603 to $97,377 | 3% |
| over $97,378 | 4% |
SFSS repayments 2016-17
| Repayment income | Repayment rate |
| Up to $54,868 | Nil |
| $54,869 to $67,368 | 2% |
| $67,369 to $95,626 | 3% |
| Over $95,626 | 4% |
See also
This page was last modified 2020-05-02