Student Financial Supplement Scheme (SFSS)

From 1 July 2019, all study and training loans are covered by one set of thresholds and rates.

Refer to the Topic HELP and HECS

On 1 June each year indexation is applied to the part of accumulated HELP/HECS/SFSS debts which have remained unpaid for 11 months or more.

NB! To avoid indexation for HELP and HECS, ensure that you make any voluntary repayments well before 1 June so that the ATO has time to process the payment and credit it to your account before 1 June.

Indexation maintains the real value of the debt by adjusting it in line with changes in the cost of living as measured by the Consumer Price Index (CPI).  The indexation figure is calculated each year after the March CPI is released.  It is based on financial figures collected by the Australian Bureau of Statistics over the previous 2 years.

From the 2006/2007 income year the basis for calculating a compulsory Financial Supplement Repayment changed from ‘Taxable Income’ to ‘Repayment Income’.

From 1 July 2009 RI* became the sum of 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.

An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.

The Student Financial Supplement Scheme (SFSS) closed on 31 December 2003 but students are required to repay their loans through the tax system.  It was a voluntary loan scheme to help tertiary students cover their expenses while studying. Five years after the loan was taken out, the Tax Office takes responsibility for collecting the balance of the outstanding loan, which becomes an accumulated Financial Supplement debt.

From the 2006/2007 income year the basis for calculating a compulsory Financial Supplement Repayment changed from ‘Taxable Income’ to ‘Repayment Income’.

From 1 July 2009 RI* became the sum of 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.

An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.

The Student Financial Supplement Scheme (SFSS) closed on 31 December 2003 but students are required to repay their loans through the tax system.  It was a voluntary loan scheme to help tertiary students cover their expenses while studying. Five years after the loan was taken out, the Tax Office takes responsibility for collecting the balance of the outstanding loan, which becomes an accumulated Financial Supplement debt.
 

From the 2006/2007 income year the basis for calculating a compulsory Financial Supplement Repayment changed from ‘Taxable Income’ to ‘Repayment Income’.

From 1 July 2009 RI* became the sum of 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.

An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.

The Student Financial Supplement Scheme (SFSS) closed on 31 December 2003 but students are required to repay their loans through the tax system.  It was a voluntary loan scheme to help tertiary students cover their expenses while studying. Five years after the loan was taken out, the Tax Office takes responsibility for collecting the balance of the outstanding loan, which becomes an accumulated Financial Supplement debt.

From the 2006/2007 income year the basis for calculating a compulsory Financial Supplement Repayment changed from ‘Taxable Income’ to ‘Repayment Income’.

From 1 July 2009 RI* will be the sum of 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.

An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.

The Student Financial Supplement Scheme (SFSS) closed on 31 December 2003 but students are required to repay their loans through the tax system.  It was a voluntary loan scheme to help tertiary students cover their expenses while studying. Five years after the loan was taken out, the Tax Office takes responsibility for collecting the balance of the outstanding loan, which becomes an accumulated Financial Supplement debt.

From the 2006/2007 income year the basis for calculating a compulsory Financial Supplement Repayment changed from ‘Taxable Income’ to ‘Repayment Income’.

From 1 July 2009 RI* will be the sum of 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.
 

An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.

The Student Financial Supplement Scheme (SFSS) closed on 31 December 2003 but students are required to repay their loans through the tax system.  It was a voluntary loan scheme to help tertiary students cover their expenses while studying. Five years after the loan was taken out, the Tax Office takes responsibility for collecting the balance of the outstanding loan, which becomes an accumulated Financial Supplement debt.

From the 2006/2007 income year the basis for calculating a compulsory Financial Supplement Repayment changed from ‘Taxable Income’ to ‘Repayment Income’. 

From 1 July 2009 RI* will be the sum of 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.

An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.

The Student Financial Supplement Scheme (SFSS) closed on 31 December 2003 but students are required to repay their loans through the tax system.  It was a voluntary loan scheme to help tertiary students cover their expenses while studying. Five years after the loan was taken out, the Tax Office takes responsibility for collecting the balance of the outstanding loan, which becomes an accumulated Financial Supplement debt.

From the 2006/2007 income year the basis for calculating a compulsory Financial Supplement Repayment changed from ‘Taxable Income’ to ‘Repayment Income’.

From 1 July 2009 RI* will be the sum of 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.

An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.

The Student Financial Supplement Scheme (SFSS) closed on 31 December 2003 but students are required to repay their loans through the tax system.  It was a voluntary loan scheme to help tertiary students cover their expenses while studying. Five years after the loan was taken out, the Tax Office takes responsibility for collecting the balance of the outstanding loan, which becomes an accumulated Financial Supplement debt.

From the 2006/2007 income year the basis for calculating a compulsory Financial Supplement Repayment changed from ‘Taxable Income’ to ‘Repayment Income’.

From 1 July 2009 RI* will be the sum of 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.

An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.

The Student Financial Supplement Scheme (SFSS) closed on 31 December 2003 but students are required to repay their loans through the tax system.  It was a voluntary loan scheme to help tertiary students cover their expenses while studying. Five years after the loan was taken out, the Tax Office takes responsibility for collecting the balance of the outstanding loan, which becomes an accumulated Financial Supplement debt.

From the 2006/2007 income year the basis for calculating a compulsory Financial Supplement Repayment changed from ‘Taxable Income’ to ‘Repayment Income’.

From 1 July 2009 RI* will be the sum of 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.

An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.

The Student Financial Supplement Scheme (SFSS) closed on 31 December 2003 but students are required to repay their loans through the tax system.  It was a voluntary loan scheme to help tertiary students cover their expenses while studying. Five years after the loan was taken out, the Tax Office takes responsibility for collecting the balance of the outstanding loan, which becomes an accumulated Financial Supplement debt.

From the 2006/2007 income year the basis for calculating a compulsory Financial Supplement Repayment changed from ‘Taxable Income’ to ‘Repayment Income’.

From 1 July 2009 RI* will be the sum of 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.

An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.

The Student Financial Supplement Scheme (SFSS) closed on 31 December 2003 but students are required to repay their loans through the tax system.  It was a voluntary loan scheme to help tertiary students cover their expenses while studying. Five years after the loan was taken out, the Tax Office takes responsibility for collecting the balance of the outstanding loan, which becomes an accumulated Financial Supplement debt.

From the 2006/2007 income year the basis for calculating a compulsory Financial Supplement Repayment changed from ‘Taxable Income’ to ‘Repayment Income’.

RI* = Taxable income plus any net rental losses, total reportable fringe benefits amounts and exempt foreign employment income.

An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.

The Student Financial Supplement Scheme (SFSS) closed on 31 December 2003 but students are required to repay their loans through the tax system.  It was a voluntary loan scheme to help tertiary students cover their expenses while studying. Five years after the loan was taken out, the Tax Office takes responsibility for collecting the balance of the outstanding loan, which becomes an accumulated Financial Supplement debt.

From the 2006/2007 income year the basis for calculating a compulsory Financial Supplement Repayment changed from ‘Taxable Income’ to ‘Repayment Income’.

*RI= Taxable income plus any net rental losses, total reportable fringe benefits amounts and exempt foreign employment income.

An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.

The Student Financial Supplement Scheme (SFSS) closed on 31 December 2003 but students are required to repay their loans through the tax system.  It was a voluntary loan scheme to help tertiary students cover their expenses while studying. Five years after the loan was taken out, the Tax Office takes responsibility for collecting the balance of the outstanding loan, which becomes an accumulated Financial Supplement debt.

From the 2006/2007 income year the basis for calculating a compulsory Financial Supplement Repayment has changed from ‘Taxable Income’ to ‘Repayment Income’.

*RI= Taxable income plus any net rental losses, total reportable fringe benefits amounts and exempt foreign employment income.

An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.

The Student Financial Supplement Scheme (SFSS) closed on 31 December 2003 but students are required to repay their loans through the tax system.  It was a voluntary loan scheme to help tertiary students cover their expenses while studying. Five years after the loan was taken out, the Tax Office takes responsibility for collecting the balance of the outstanding loan, which becomes an accumulated Financial Supplement debt.

The Student Financial Supplement Scheme (SFSS) closed on 31 December 2003 but students are still required to repay their loans through the tax system.  It was a voluntary loan scheme to help tertiary students cover their expenses while studying. Five years after the loan was taken out, the Tax Office takes responsibility for collecting the balance of the outstanding loan, which becomes an accumulated Financial Supplement debt.