Paying Back My Loan
It is your responsibility to be aware of all requirements regarding your HELP loan. This section will explain your requirements and your options to repay your loan. Once you incur a HELP loan it becomes an 'accumulated HELP debt'.
An accumulated HELP debt includes any unpaid HECS‑HELP, FEE‑HELP, VET FEE‑HELP, OS‑HELP and SA-HELP debts. It also includes any Higher Education Contribution Scheme (HECS), Postgraduate Education Loan Scheme (PELS), Open Learning Deferred Payment Scheme (OLDPS) and Bridging for Overseas-Trained Professionals Loan Scheme (BOTPLS) debts you incurred before 2005.
For a current balance on your HELP debt you will need to contact the ATO on 13 28 61.
Loan Repayment – Find out how to pay back your HELP loan and when you must start making repayments.
Interest and Indexation - No interest is charged on your HELP debt but it is indexed annually.
The HECS-HELP Benefit aims to encourage particular graduates to take up employment in particular occupations or to work in specified locations by reducing their HELP debt repayments. The Benefit currently targets:
Remitting a HELP debt - Find out how to apply to have your HELP debt remitted if ‘special circumstances’ have occurred.