In Australia, we are lucky enough to have student loan programs to cater to the broad demographic of people who want to progress their careers or knowledge through tertiary studies.

What is a HECS-HELP Loan?
The HECS-HELP loan is a scheme to help students attend university through a loan system, which they are to repay once their income reaches the threshold for repayment.

How much do I owe?
You can view your HELP debt, confirm payment reference number and view payment options via the myGov website.

When do I have to repay my loan?
The compulsory repayment threshold can apply even while studying. The mandatory threshold changes every year. In 2018-2019 the threshold is $51,957, while in 2019-2020 financial year the income threshold is $45,881.

How much will repayments be?
Repayments are a particular percentage based on your current income. The rates vary from 4 to 8 per cent.

Can I make non-compulsory payments?
On top of your required annual contribution, you may make non-compulsory payments to the ATO if you want to carry student debt around for a shorter period.