HELP Loan Calculator | Australian HECS Debt Repayment Calculator

HELP (Higher Education Loan Program) is the Australian Government's overarching student loan system. It includes several different loan types:

• HECS-HELP — for students in Commonwealth Supported Places (CSPs), where the government subsidises part of your tuition. This is the most common loan for undergraduate students at public universities.
• FEE-HELP — for full fee-paying students who aren't in a CSP. Tuition fees are typically higher because there's no government subsidy.
• SA-HELP — covers your Student Services and Amenities Fee.
• OS-HELP — helps with costs when studying overseas on exchange.

All of these loans accumulate into a single HELP debt, repaid through the tax system under the same rules. When people say "HECS debt," they're usually referring to their total HELP debt. This calculator works for all HELP loan types. For the full breakdown of each loan type, visit Study Assist — How Student Loans Work.

You start making compulsory repayments when your repayment income exceeds $67,000 (2025-26 threshold). Repayment income includes your taxable income, reportable fringe benefits, net investment losses, and reportable super contributions. Repayments are collected automatically through the tax system — your employer withholds them from your pay if you've told them you have a HELP debt. If you earn below the threshold, you don't repay anything that year, but your debt will still be indexed. For more detail on repayment thresholds and how repayment income is calculated, see the ATO's repayment thresholds and rates page.

No. HECS-HELP loans don't charge interest. However, your debt is indexed each year on 1 June to maintain its value in line with the cost of living. The indexation rate is the lower of CPI (Consumer Price Index) or WPI (Wage Price Index). In 2025, the rate was 3.2%. While it's not called interest, the effect is similar — your balance grows over time. Learn more about how indexation works →

It depends on your income. Under the 2025-26 marginal system, you pay nothing on income up to $67,000, then 15 cents per dollar over that up to $125,000, increasing through further brackets up to 10% of total income above $179,286. For example, on an $85,000 salary, your annual repayment would be about $2,700. See the full breakdown → or enter your details into the calculator above to get your personalised estimate.

It can. Lenders factor your HECS repayments into their borrowing capacity assessments, which can reduce how much you're able to borrow. From September 2025, updated APRA guidance allows banks to exclude HECS repayments if the debt will be fully repaid within 12 months, and some lenders like NAB now disregard debts under $20,000. But for most borrowers, a HECS balance will still reduce borrowing power. Read more about HECS and home loans →

Yes. You can make voluntary repayments to the ATO at any time, regardless of your income. There's no longer a discount for doing so (that was removed in 2017), but voluntary repayments directly reduce your balance, which means less indexation is applied each year. You can model the impact of voluntary repayments using this calculator to see how they shorten your repayment timeline. For instructions on how to make a voluntary repayment, visit the ATO's HELP repayment page.

Log in to myGov, link to the Australian Taxation Office (ATO) if you haven't already, and your HELP debt balance will be visible under your account. You can also see a breakdown of how much has been indexed and how much you've repaid.

Your debt doesn't disappear. Any HECS-HELP fees that were charged before you withdrew remain on your balance. They'll be indexed every year and you'll repay them through the tax system once your income is above the threshold, whether you have a degree or not. See what this costs in real terms →

You're still required to repay it. If you move overseas and your worldwide income exceeds the repayment threshold, you must report your income to the ATO and make repayments. The ATO requires Australian residents living abroad to submit an overseas income declaration annually. Non-compliance can result in penalties. For full details on your obligations, see the ATO's overseas repayment guide.

Yes. HECS-HELP debt is automatically written off upon death and is not passed on to family members or your estate. This is outlined on the Study Assist — loan repayments page.