HECS-HELP: Study now, pay later

Posted July 10, 2015, by Career FAQs team

What is HECS-HELP?

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.

Am I eligible?

You must:

  • Be studying in a subsidised enrolment at university – known as a Commonwealth Supported Place.
  • Be an Australian citizen or permanent humanitarian visa holder.
  • Enrol with an approved provider, by the census date.

When do I starting paying back my loan?

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.

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 2019-20 financial year only. For more information, visit StudyAssist [www.studyassist.gov.au].
2019-2020 Repayment rates
2019-2020 Repayment ratesRepayment % rate
Below $45,881NIL
$45,881 – $52,9731.0%
$52,974 – $56,1512.0%
$56,152 – $63,0922.5%
$63,093 – $66,8773.0%
$66,878 – $70,8903.5%
$70,891– $75,1444.0%
$75,145 – $79,6524.5%
$79,653 - $84,4325.0%
$84,433 - $89,4985.5%
$89,499 - $94,8686.5%
$94,869 - $100,5607.0%
$100,561 - $106,5937.5%
$106,594 - $112,9898.0%
$112,990 - $119,7698.5%
$119,770 - $126,9559.0%
$126,956 - $134,5729.5%
$134,573 and above10%

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.

Career FAQs team

Academy Xi
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