FEE-HELP: what does it mean?
CourseFinder Team
June 9, 2020
Learn all about FEE-HELP and find out if you’re eligible with our handy fact sheets!
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 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 compulsory repayment threshold for 2024-25 financial year is $54,435.How much can I borrow?
In 2024 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 2024-25 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 the HELP loan schemes.
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