Income threshold rise for student loans

Income thresholds for student loan repayments and interest write-offs will rise from April 1 next year.

The threshold for borrowers to begin repaying loans will rise from $15,964 to $16,173 and the maximum income level for full interest write-offs for part-time or part-year students will rise from $25,909 to $26,140.

Full-time students will continue to receive full interest write-off regardless of their income.