Overview
You will have a Higher Education Loan Program (HELP) debt if you have received a loan for your studies under any of the following schemes:
- HECS-HELP
- FEE-HELP
- OS-HELP.
See also: Loans
If you have a HELP debt, you start repaying your accumulated HELP debt when your HELP repayment income is above the minimum threshold, which is $41,594 in the 2008-09 income year and $43,151 for the 2009-10 income year.
HELP repayment arrangements include:
- compulsory repayments made through your income tax and
- voluntary repayments, with a 10 per cent bonus on voluntary repayments of $500 or more.
All HELP debts are indexed annually on 1 June to reflect changes in the Consumer Price Index (CPI).
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