HECS-HELP
The HECS-HELP scheme provides you with access to a loan to help you pay your student contribution amount, with the added incentive of a discount for upfront payment of your tuition fees.
Am I eligible?
You must:
- Be studying in a subsidised enrolment at university – known as a Commonwealth Supported Place.
- Be an Australian citizen or permanent humanitarian visa holder.
- Enrol with an approved provider, by the census date.
When do I starting paying back my loan?
You’ll start repaying your HELP debt once your taxable income reaches the compulsory repayment threshold. This threshold is adjusted every year.
The threshold for 2020-21 is $46,620.
Disclaimer: This information is correct at the time of publishing, but is subject to change under the current government’s higher education reforms. The figures provided are applicable for the 2020-21 financial year only. For more information, visit StudyAssist [www.studyassist.gov.au].
| 2020-2021 repayment rates |
| Below $46,620 |
NIL |
| $46,620 – $53,826 |
1.0% |
| $53,827 – $57,055 |
2.0% |
| $57,056 – $60,479 |
2.5% |
| $60,480 – $64,108 |
3.0% |
| $64,109 – $67,954 |
3.5% |
| $67,955 – $72,031 |
4.0% |
| $72,032 – $76,354 |
4.5% |
| $76,355 – $80,935 |
5.0% |
| $80,936 – $85,792 |
5.5% |
| $85,793 – $90,939 |
6.0% |
| $90,940 – $96,396 |
6.5% |
| $96,397 – $102,179 |
7.0% |
| $102,180 – $108,309 |
7.5% |
| $108,310 – $114,707 |
8.0% |
| $114,708 – $121,698 |
8.5% |
| $121,699 – $128,999 |
9.0% |
| $129,000 – $136,739 |
9.5% |
| $136,740 and above |
10% |
To get started with your HECS-HELP application, or for more information, you can head to the StudyAssist website.
Browse through our range of online courses that are covered by the HELP loan schemes.
