FEE-HELP is a loan scheme to help students pay all, or part, of their tuition fees. You can only access FEE-HELP if you’re planning to study at a university or other private higher education institution that has been approved to offer FEE-HELP to eligible students.
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.
There is a 25% FEE-HELP loan fee applied to undergraduate courses. This does not count towards your FEE-HELP limit, and is calculated for each individual unit you undertake.
Your HELP debt is indexed each year on 1 June to reflect changes in the Consumer Price Index (CPI).
The indexation rate for 2016 is 1.5%.
|2016-2017 repayment rates|
|2016-2017 Repayment rates||Repayment % rate|
|$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 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 FEE-HELP.