HECS-HELP: what does it mean?

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 2016-17 is $54,869.

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 2015-16 financial year only. For more information, visit StudyAssist [www.studyassist.com.au].
2016-2017 repayment rates
2016-2017 Repayment ratesRepayment % rate
Below $54,869NIL
$54,869 – $61,1194.0%
$61,120- $67,3684.5%
$67,369 – $70,9095.0%
$70,910 – $76,2225.5%
$76,223 – $82,5506.0%
$82,551 – $86,8946.5%
$86,895 – $95,6267.0%
$95,627 – $101,8997.5%
$101,900 and above8.0%

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.