FEE-HELP: Study now, pay later
Posted July 10, 2015, by Career FAQs team
What is FEE-HELP?
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.
Am I eligible?
- Be enrolled in an eligible unit of study, offered by an approved FEE-HELP provider, by the census date; AND
- Be an Australian citizen undertaking one unit of study in Australia; OR
- Be a permanent humanitarian visa holder, residing in Australia for the duration of your unit; OR
- Be a permanent visa holder undertaking bridging study for overseas-trained professionals, and residing in Australia for the duration of study.
When do I starting paying back
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 2019-20 is $45,881.
How much can I borrow?
In 2019 you can borrow up to $104,440 under the FEE-HELP scheme. For students studying medicine, dentistry and veterinary science courses, the FEE-HELP limit is $150,000.
Is there anything else I need to know?
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 in March to reflect changes in the Consumer Price Index (CPI).
|2019-2020 Repayment rates|
|2019-2020 Repayment rates||Repayment % rate|
|$45,881 – $52,973||1.0%|
|$52,974 – $56,151||2.0%|
|$56,152 – $59,521||2.5%|
|$59,522 – $63,092||3.0%|
|$63,093 – $66,877||3.5%|
|$66,878 – $70,890||4.0%|
|$70,891 – $75,144||4.5%|
|$75,145 – $79,652||5.0%|
|$79,653 – $84,432||5.5%|
|$84,433 – $89,498||6.0%|
|$89,499 – $94,868||6.5%|
|$94,869 – $100,560||7.0%|
|$100,561 – $106,593||7.5%|
|$106,594 – $112,989||8.0%|
|$112,990 – $119,769||8.5%|
|$119,770 – $126,955||9.0%|
|$126,956 – $134,572||9.5%|
|$134,573 and above||10%|
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.