Document ID: chunk:federal_register_of_legislation:C2025C00168:section:23aa
Version: federal_register_of_legislation:C2025C00168
Segment Type: section
Provision Reference: s 23AA
Character Range: 37382–38003

23AA  Simplified outline of this Part

      Loans that the Secretary approves and uses to pay tuition fees for a person are repayable under this Part.
      A person incurs a debt (called a VETSL debt) each time a loan amount is used to pay tuition fees for the person. Each of those debts is then incorporated into a single debt called the person's accumulated VETSL debt.
      An accumulated VETSL debt can be repaid in 2 ways:
             (a) by making voluntary repayments; or
             (b) by making compulsory repayments (based on the person's income) through the income tax system.

Division 2—VETSL debts