Doing some very rough figures, I am not an accountant and I'm sure it's a lot more complex then this plus I'm making the FALSE assumption that you can neatly deduct both the loan and FEE-help from gross salary.
FALSE because:
DEEWR
Tax deductibility of repayments
Your repayments of HELP debts are not tax deductible.
If your payer makes repayments for you, they may be able to claim a tax deduction. However, they will be liable for Fringe Benefits Tax (FBT) on the repayments.
The good news is:
Bonus for voluntary repayments
If you make a voluntary repayment of $500 or more, you will receive a bonus of 10% of the repayment you make.
Example: Tinka owes $5,250. She makes a $2,500 voluntary repayment. Tinka gets the 10% bonus, so the value of her repayment is now $2,750 ($ 2,500 x 1.10). Tinka’s bonus amount is $2,750 - $2,500 = $250. Her total debt after the payment is reduced to $2,500 ($ 5,250–$ 2,750).
If your total debt is less than $500 and you make a voluntary repayment to pay off the total amount, you will still receive the 10% bonus.
Definitely seek some serious financial advice before signing up!
APPFO Course = $124456 = $85062 FEE-HELP + $39394 Loan
A320 Rating = $30000 = $21000 Jetstar + $9000 Loan
Subtotals
$48394 Loans
$16157 Loan interest (10% ??? over 6 years)
$85062 FEE-HELP
$21265 FEE-HELP repayment fee (25%)
Total repayments: $170878
$28480 P/A over 6 years
JFO narrowbody salary = $55454 gross = $26974 after repayments = $23828 net
FOL1 narrowbody salary = $84720 gross = $56240 after repayments = $45818 net
FOL2 narrowbody salary = $92422 gross = $63942 after repayments = $50909 net
I guess the real question is how long it takes to get off JFO and start earning a livable wage?