Student loans Dates
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APR 1We add an administration fee to student loans to help pay for some of the ongoing costs of administering the loan
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APR 7End-of-year student loan repayments are due if you have a tax agent with a valid extension of time.
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MAY 7Interim student loan repayments are due. They count towards your end-of-year repayment obligation.
We will let you know that you’re close to repaying your loan when it has a balance of less than $1,000 and has not recently been opened or re-opened.
Salary and wage earners
We will notify your employer at the same time if:
- you earn salary or wages
- you have only 1 employer
- your loan will be paid off in the next 3 pay periods.
We'll ask your employer to adjust the last loan payment to clear your loan balance and then stop student loan deductions.
Once the loan is paid off, we will let you know that student loan deductions are no longer required.
Loan overpayments
Any overpayments of your loan will be either repaid to you or the overpayment settings you’ve set in myIR applied. If you're close to paying off your loan, make sure your bank account details are up to date in myIR.
Use our student loan repayment calculator if you want to see how long it will take to pay off your loan.
Last updated:
09 Mar 2026