Loan charges
Interest charges and indexation
Tax deductions for tuition fees & loan repayments
Loan charges
You will not be charged an application fee for requesting a FEE-HELP loan.
You will be charged a loan fee of 20% of the amount borrowed for an undergraduate course of study The loan fee is added to your FEE-HELP debt. The loan fee does not count towards your FEE-HELP limit.
Example: Jan received a FEE-HELP loan of $1,000 for her tuition fees for a Bachelor of Science. She is charged a loan fee of $200 (20% x $1000). Her FEE-HELP debt is $1,200 ($1000 +$200).
No loan fee applies to a FEE-HELP loan for postgraduate courses of study, bridging courses for overseas trained professionals (BOTP), enabling courses or units of study undertaken directly with Open Universities Australia (formerly OLA).
Interest charges and indexation
An interest rate is not applied to FEE-HELP loans. However, your debt is increased by the Consumer Price Index (CPI) each year to maintain its real value.
Any indexation amount does not count towards your FEE-HELP limit.
See also: FEE-HELP
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Tax deductions for tuition fees and loan repayments
If there is a direct connection between your education and your work activities then you may be entitled to a tax deduction for your tuition fees even if the Commonwealth paid these tuition fees on your behalf through FEE-HELP.
You can obtain further information from the Tax Office on 13 28 61 
Repayments of your FEE-HELP loan are not tax deductible.
See also: Loan Repayments
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