There is no application fee for requesting FEE-HELP assistance.
A loan fee of 20% applies to FEE-HELP loans for undergraduate courses of study. No loan fee applies to a FEE-HELP loan for:
- fee-paying postgraduate courses of study, including higher degrees by research;
- enabling courses;
- units of study with Open Universities Australia; or
- bridging study for overseas-trained professionals.
The loan fee does not count towards your FEE-HELP limit.
There is no interest charged on your FEE-HELP debt. However, your debt is indexed annually by the Tax Office to maintain its real value (see Is interest charged on my debt?). Any indexed amount does not count towards your FEE-HELP limit.
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