HECS-HELP Calculator Australia 2024-25

Calculate your HECS-HELP student loan compulsory repayment rate based on income. Rates range from 1% to 10%. Minimum threshold: $54,435 for 2024-25.

Your Income

Taxable income + reportable fringe benefits + net investment losses

HECS-HELP Repayment

Repayment Rate3.5%
Annual Repayment2,625.00 AUD
Weekly Repayment50.48 AUD

HECS Repayment Bands 2024-25

Income ThresholdRate
$54,435 – $62,8491%
$62,850 – $66,6202%
$66,621 – $70,6182.5%
$70,619 – $74,8553%
$74,856 – $79,3463.5%
$79,347 – $84,1074%
$84,108 – $89,1544.5%
$89,155 – $94,5035%
$94,504 – $100,1745.5%
$100,175 – $106,1856%
$106,186 – $112,5566.5%
$112,557 – $119,3097%
$119,310 – $126,4677.5%
$126,468 – $134,0568%
$134,057 – $142,0998.5%
$142,100 – $150,6279%
$150,628 – $159,6639.5%
$159,664 – No limit10%

Come utilizzare HECS-HELP Calculator Australia 2024-25

Enter your income

Enter your repayment income (taxable income + reportable fringe benefits + total net investment losses). HECS-HELP repayments are mandatory above $54,435.

Review your repayment rate

The repayment rate ranges from 1% to 10% depending on your income band. The ATO automatically collects repayments through the PAYG withholding system.

Suggerimenti

  • Making voluntary repayments before 1 June each year reduces the amount subject to CPI indexation — a useful strategy when inflation is high.
  • If you move overseas, you must still make HECS-HELP repayments if your worldwide income exceeds the repayment threshold.
  • Your repayment income is NOT just your salary. It includes reportable fringe benefits, total net investment losses and reportable employer super contributions.

Domande frequenti

What is HECS-HELP?

HECS-HELP (Higher Education Contribution Scheme - Higher Education Loan Program) is an Australian government loan program that helps eligible students pay their student contribution amounts (course fees) for Commonwealth supported places.

Is there interest on HECS-HELP?

HECS-HELP debts are indexed annually on 1 June using the Consumer Price Index (CPI). In 2023 the indexation rate was 7.1%. There is no interest in the traditional sense.

When do repayments start?

Compulsory repayments start when your repayment income exceeds the minimum threshold ($54,435 for 2024-25). Repayments are made through the tax system — your employer withholds extra amounts.

Can I pay my debt voluntarily?

Yes, you can make voluntary repayments at any time. From 1 January 2020, voluntary repayments no longer receive a bonus discount, but they reduce your indexable balance before 1 June.