All loans need to be repaid upon your graduation or when the course has officially ended. For example, a student loan borrower enrolls in a four-year study programme and takes up full TSFS loan of $53,070 (i.e. maximum loan for 2020/21 application) at each year of study, his / her total loan principal amount will be $212,280 upon commencement of repayment. Assuming the interest rate remains at 1% per annum, if the student loan borrower opts to repay the loan in 15 years by 180 monthly instalments, his / her monthly instalment amount will be around $1,271 (except the last instalment). For a better estimation on the repayment amount, you are welcome to try out the
financial calculator.