Author: WendyATO(Community Support)Community Support 23 June 2023
Hi @rahul2704,
If you're referring to the compulsory repayments for your study and training support loan? If so, the compulsory repayment rate will increase as your income increases. As it's based on your income you earn.
There are no exceptions if you hold a subclass 500 visa. The only exception is when you do not have to make a compulsory repayment if you have a spouse or dependants and if low family income you:
- are entitled to a reduction of Medicare levy
- do not have to pay the Medicare levy
You can read more about if these exceptions apply from our compulsory repayments webpage, and we also have handy article on the community site about paying my HECS HELP student loan.