HELP / HECS repayment amounts
student_repayment(repayment_income, fy.year, debt)
| repayment_income | The repayment income of the individual, equal to Taxable Income + Total net investment loss (incl Net rental loss) + reportable fringe benefits amounts + Reportable super contributions + exempt foreign income |
|---|---|
| fy.year | The financial year |
| debt | The amount of student debt held. |
https://www.ato.gov.au/Rates/HELP,-TSL-and-SFSS-repayment-thresholds-and-rates/?page=2#HELP_repayment_thresholds_and_rates_2013_14m https://docs.education.gov.au/system/files/doc/other/ed17-0138_-_he_-_glossy_budget_report_acc.pdf
The repayment amount.
The student repayments for fy.year = '2018-19' assume the measures in Budget 2017 will pass.
student_repayment(50e3, "2013-14", debt = 10e3)#> [1] 0# 0 since below the threshold student_repayment(60e3, "2013-14", debt = 10e3)#> [1] 2700# above the threshold student_repayment(60e3, "2013-14", debt = 0)#> [1] 0# above the threshold, but no debt