Student loans Dates
JAN 15Interim student loan repayments are due. They count towards your end-of-year repayment obligation.
FEB 7End-of-year student loan repayments are due. If you have an amount to pay, you'll have received a letter or text message from us.
APR 1Overseas-based student loan repayment due if you do not have a temporary repayment suspension.
You may find yourself in a difficult situation while repaying your loan. We have a number of options available to help make things easier.
Reduced repayments from your income
You can apply for to lower the deductions from your salary or wages if you are in any of the following situations.
- You are studying full time and earning under the annual repayment threshold.
- You have more than 1 employer and your main income is under the annual threshold.
- Your salary and wage deductions are putting you into hardship.
Go to your student loan account in myIR and select 'Apply for a reduced deduction rate'. This is also available in the 'More' section of your student loan account.
Reduced repayments when you live overseas
If you're about to move overseas, or have recently left, you can take up to a 12 month break from repaying your student loan.
You can apply to negotiate your repayments if you need to make them more affordable for a while.
Instalment arrangement or financial relief
You can request an instalment arrangement or apply for financial relief if you have either:
- loan repayments that are not deducted from your salary or wage
- other payments due to us that you cannot afford.
We’ll ask you about your financial situation, which may include details of your income and expenses.
Late payment interest
If you miss a payment on your student loan, you may get late payment interest. You'll need to know this rate and the reduced late payment rate we charge under instalment arrangements.
Late payments and borrowing more
You will not be able to take out a new student loan if:
- your overdue student loan amount is more than $500
- any part of that debt is 12 months or older.
You will need to pay off the outstanding amount before you can borrow more.
You can check in myIR whether you have any late payments.