Student Loans

Date: 11 July 2012

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….

 

 


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