Accredited courses from leading Australian universities, TAFEs and colleges
Accredited courses from leading Australian universities, TAFEs and colleges
Paying for study with a HELP loan scheme is a great way to make education affordable. But who actually qualifies for HECS-HELP or FEE-HELP? And, when do you have to start paying back your loan? We’ve put a spotlight on the government’s Higher Education Loan Program (HELP) to help you find the right financial assistance option for you.
The HECS-HELP scheme provides you with access to a loan to help you pay your student contribution amount, with the added incentive of a discount for upfront payment of your tuition fees.
You must:
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.
To get started with your HECS-HELP application, or for more information, you can head to the StudyAssist website.
Browse through our range of online courses that are covered by HECS-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.
You must:
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.
To start your FEE-HELP application, or for more information, head to the Study Assist website.
Browse through our range of onlines ocurses that are covered by FEE-HELP.
| 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% |
|
|
|
