There could be an option to save some money, but you best be quick.
"The voluntary repayment bonus will be removed from 1 April 2013"
What does this mean?
Currently there is a 10% bonus you can receive for making voluntary repayments that total $500 or more in a tax year.
The bonus will generally be 10% of the voluntary repayments you make, not 10% of your loan balance
So up until 31 March 2013 there is a 10% discount on lump sum student loan repayments greater than $500.
If you have or know someone with a student loan, there is an opportunity to save….