FEE-HELP: Study now, pay later
Posted June 9, 2020, 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 the 2021-22 income year is $47,014.
How much can I borrow?
In 2021-22 financial year you can borrow up to $108,232 under the FEE-HELP scheme. For students studying medicine, dentistry and veterinary science courses, the FEE-HELP limit is $155,448.
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 on June 1 to reflect changes in the Consumer Price Index (CPI).
|2021-2022 HELP Debt Repayment Thresholds|
|2021-2022 Income Earned||Repayment % Rate|
|$47,014 – $54,282||1.0%|
|$54,283 – $57,538||2.0%|
|$57,539 – $60,991||2.5%|
|$60,992 – $64,651||3.0%|
|$64,652 – $68,529||3.5%|
|$68,530 – $72,641||4.0%|
|$72,642 – $77,001||4.5%|
|$77,002 – $81,620||5.0%|
|$81,621 – $86,518||5.5%|
|$86,519 – $91,709||6.0%|
|$91,710 – $97,212||6.5%|
|$96,397 – $102,179||7.0%|
|$103,047 – $109,227||7.5%|
|$109,228 – $115,781||8.0%|
|$115,782 – $122,728||8.5%|
|$122,729 – $130,092||9.0%|
|$130,093 – $137,897||9.5%|
|$137,898 and above||10.0%|
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.