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Fee Help: Study Now, Pay Later
Everything you need to know about the Australian government’s FEE-HELP loan scheme.
CareerFAQs Team
Jun 09,2020
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?
You must:
- 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 the 2024-25 financial year is $54,435.
How much can I borrow?
In 2024-25 financial year, most students can borrow up to $121,844 under the FEE-HELP scheme. For students studying medicine, dentistry and veterinary science courses, the FEE-HELP limit is higher.
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 2022-23 financial year only. For more information, visit StudyAssist [www.studyassist.gov.au].
| 2024-2025 repayment rates | |
|---|---|
| Repayment rates | Repayment % rate |
| Below $54,435 | NIL |
| $54,435-$62,850 | 1.0% |
| $62,851-$66,620 | 2.0% |
| $66,621-$70,618 | 2.5% |
| $70,619-$74,855 | 3.0% |
| $74,856-$79,346 | 3.5% |
| $79,347-$84,107 | 4.0% |
| $84,108-$89,154 | 4.5% |
| $89,155-$94,503 | 5.0% |
| $94,504-$100,174 | 5.5% |
| $100,175-$106,185 | 6.0% |
| $106,186-$112,556 | 6.5% |
| $112,557-$119,309 | 7.0% |
| $119,310-$126,467 | 7.5% |
| $126,468-$134,056 | 8.0% |
| $134,057-$142,100 | 8.5% |
| $142,101-$150,626 | 9.0% |
| $150,627-$159,663 | 9.5% |
| $159,664 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.
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