[TSL 10,135] Loan repayment27 

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(1) A recipient must on successful completion of his or her programme, work in Fiji or in such capacity as the FRCS in consultation with the Government decides, until the recipient has completed his or her loan repayment.

(2) A recipient who has graduated and has an employment must start with the loan repayments in accordance with the terms and conditions specified in his or her bond letter.

(3) All loan repayments must be made at a minimum rate of 20% of the annual gross income of the recipient or on any other terms and conditions determined by the Service in consultation with the Minister.

(4) The following rates of repayments and discount rates apply for early loan repayments and is based on the total debt level of the recipients upon graduation—

	Total Debt Level (Upon Graduation)	Discount applicable at various repayment periods
		50%	25%	10%
	Less than $20,000	< 2 years	2–4 years	4–6 years
	$20,000–$49,999	< 3 years	3–6 years	6–8 years
	$50,000–$99,999	< 4 years	4–8 years	8–10 years
	$100,000 plus	< 5 years	5–10 years	10–12years

(5) After completion of studies, the recipient must check with FRCS on the exact details and methodologies for calculating the repayment and discount amounts and loan repayments.