You must:
Meet the following course requirements:
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.
In 2016 you can borrow up to $99,389 under the FEE-HELP scheme. For students studying medicine, dentistry and veterinary science courses, the FEE-HELP limit is $124,238.
2016-2017 repayment rates | |
---|---|
2016-2017 Repayment rates | Repayment % rate |
Below $54,869 | NIL |
$54,869 – $61,119 | 4.0% |
$61,120- $67,368 | 4.5% |
$67,369 – $70,909 | 5.0% |
$70,910 – $76,222 | 5.5% |
$76,223 – $82,550 | 6.0% |
$82,551 – $86,894 | 6.5% |
$86,895 – $95,626 | 7.0% |
$95,627 – $101,899 | 7.5% |
$101,900 and above | 8.0% |
To get started with your VET FEE-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.