Payments start six months after you leave school, and only when you’re employed full time and earning more than $30,000 per year.
Your payments are income-based, and calculated by multiplying your income share times your monthly gross income.
You’ll make payments until the end of your payment term, or until you pay back up to the payment cap, whichever comes first. There’s no minimum balance due, so the total amount you pay back may be less than, equal to, or more than the initial funding amount.
You can also pay off your ISA early if you’d like!