Work out your compulsory student loan repayment for 2026–27 under the new marginal system — you only repay on the income above $69,528, not on the lot.
From the 2025–26 year, compulsory repayments for HELP, VSL, SFSS, SSL, ABSTUDY SSL and AASL loans are calculated on marginal rates, the same way income tax brackets work.
Source: ATO study and training support loans repayment thresholds and rates 2026–27.
Repayments moved from a percentage of your whole income to a marginal system. You now only repay on the slice of income above the minimum threshold, which removed the old cliff where a small pay rise could trigger a repayment on everything.
Your taxable income plus reportable fringe benefits, reportable super contributions, total net investment losses and exempt foreign employment income. It is usually a little higher than your salary alone.
No. Neither compulsory nor voluntary repayments of HELP, FEE-HELP or VET Student Loans are deductible. Course fees themselves can sometimes be claimed — see our self-education guide.
This calculator gives a rough estimate based on the 2026–27 ATO thresholds and is for general guidance only.