Question 1

How are HECS-HELP repayments calculated?

Accepted Answer

HECS-HELP repayments are a percentage of your total taxable income (not just the amount above the threshold). The rate increases as your income rises, from 1% at $54,435 to 10% above $159,664 for 2024–25.

Question 2

When do I start repaying my HECS debt?

Accepted Answer

You start making compulsory repayments through the tax system once your repayment income exceeds the minimum threshold ($54,435 for 2024–25). Your employer withholds the amount from your pay if you tick the HELP box on your TFN declaration.

Question 3

Is HECS-HELP debt indexed?

Accepted Answer

Yes, your HELP debt is indexed annually on 1 June based on the Consumer Price Index (CPI). This means your debt grows with inflation, but it does not accrue interest like a regular loan.

Question 4

Can I make voluntary repayments?

Accepted Answer

Yes, you can make voluntary repayments at any time. However, the government removed the 5% bonus for voluntary repayments from 1 January 2024.

Question 5

What counts as repayment income?

Accepted Answer

Repayment income includes your taxable income, total net investment losses, reportable fringe benefits, reportable super contributions, and any exempt foreign employment income.

Australia HECS-HELP Repayment Calculator 2026

Frequently asked questions

Australia HECS-HELP Repayment Calculator 2026

Frequently asked questions