The loan fee for an undergraduate unit of study is charged for the amount of FEE-HELP assistance that you receive for the unit. For example, if you take out a FEE-HELP loan of $500 for a unit of study, your loan fee will be $100 and your FEE-HELP debt reported to the Tax Office will be $600. However, your FEE-HELP balance will only decrease by $500 as the loan fee is not included in your FEE-HELP limit.
The amount of your loan fee will be shown on your Commonwealth Assistance Notice (see How can I check if the calculation of my FEE-HELP debt is correct?).