SR 2006/51
Issued
2006

Student loan scheme - repayment and interest write-off thresholds for the 2006-07 tax year

The student loan interest rate for the 2006-07 tax year has been set at 6.9%. The new interest rates were calculated using a recently adopted formula.

Section 87 of the Student Loan Scheme Act 1992 allows the student loan interest rates that apply for a tax year to be set by regulation in accordance with the student loan interest rate formula.

The student loan interest rate for the 2006-07 tax year has been set at 6.9%, down form 7.0% for the 2005-096 tax year. The base interest rate is 3.8% and the interest adjustment rate 3.1%.

The new interest rates were calculated using the recently adopted formula.

(Student Loan Scheme(Interest Rates) Regulations 2006, SR 2006/51)