Multiple federal education loan repayment options are always available in Australia. But you can choose repayment or income-driven repayment for student loan repayment depending on your financial capability.
You can also repay your education loan with ease by opting for a graduated and extended student loan repayment plan for education loan repayment. This education loan repayment method does not depend on your income and also this education loan repayment method may provide you lesser returns as compared to income-driven repayment.
If you want to pay less student loan interest rates on education loans then you can go for the standard student loan repayment option. With the help of a standard student loan repayment plan, you can easily make monthly payments for 10 years. If you are financially able to afford standard education loan repayment plans then you will have to pay less interest and also you can close your loan sooner.