How does the 10% discount work for voluntary payments?
If you make a voluntary repayment of $500 or more, you will receive a bonus 10% of the payment you make. Example Jane has a $1200 debt and she makes a $600 voluntary repayment. With the 10% bonus that Jane receives her repayment is $660 which reduces her debt to $540. Jane received $60 bonus amount or 10% of her voluntary repayment. Chapter 6 of the VET FEE-HELP Information booklet outlines at 6.10 voluntary repayments and the bonus of 10%.
