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Fee-paying students are charged the full cost of their course, with no Commonwealth contribution. Some fee-paying students can obtain loans under the Higher Education Loan Programme, called FEE-HELP loans, to cover all or part of their fees. This is available to Australian citizens, New Zealand citizens and permanent humanitarian visa holders.
If you take out student loans to pay for college, you might qualify for the student loan interest deduction. This deduction allows you to reduce your taxable income by up to $2,500 per year.
Companies or groups of companies that pay $1,100,000 or more a year in Australian wages must pay payroll tax. [34] There are deductions, concessions and exemptions available to those that are eligible. From 1 July 2012: [32] The rate of payroll tax is 4.75%. The annual threshold is $1,100,000. The monthly threshold is $91,666.
The progressive nature of income tax in Australia results in different income groups paying different amounts. The top 1% of income earners pay 18% of income tax received. The top 3% pay 28% of income tax. The top 10% of earners paid 46% of all income tax paid. The bottom 50% of earners paid 11% of all income tax. [19]
The Australian Postgraduate Awards (APA) was a scholarship program, founded by the Australian Federal Government, designed to support postgraduate research training, which was awarded to students of "exceptional research potential". [1] The allocation each tertiary institution received was based in part on its overall research performance.
The average cost of tuition and fees at four-year private colleges and universities has grown from $34,970 for the 1994-1995 school year to $58,600 for 2024-2025, according to CollegeBoard.
Only 32 percent of the students pay tuition that averages 1,428 euros for a year at a 1st-degree level and 1,552 for a year at the 2nd-degree level. A student in Hungary has an opportunity to receive a scholarship of up to 3,000 euros for living expenses and nearly 4,000 euros for good grades. [4]
The system is known as the Higher Education Contribution Scheme (HECS) and enables students to defer payment of fees until after they commence professional employment, and after their income exceeds a threshold level – at that point, the fees are automatically deducted through income tax. By the late 1980s, the Australian tertiary education ...