HECS-HELP Repayment Calculator
Find out how much you'll repay this year and how long until your student debt is paid off.
| Monthly Repayment | — |
| Repayment Rate | — |
| Years to Repay | — |
| Debt-Free Year | — |
How HECS-HELP Repayments Work
HECS-HELP is a government loan scheme that helps eligible students pay their university fees. Unlike a regular loan, you don't make repayments until your income exceeds a threshold — and the repayment amount is based on your income, not the size of your debt.
Repayments are made through the tax system. When you lodge your tax return, the ATO calculates your required repayment and adjusts your refund (or bill) accordingly. Most employers also withhold extra tax if you declare a HECS-HELP debt on your TFN declaration.
2024–25 Repayment Thresholds
Your repayment income determines the percentage you pay:
- Below $54,435: No repayment required
- $54,435 – $62,850: 1.0% of income
- $62,851 – $66,620: 2.0% of income
- $66,621 – $70,618: 2.5% of income
- $70,619 – $74,855: 3.0% of income
- $74,856 – $79,346: 3.5% of income
- $79,347 – $84,107: 4.0% of income
- $84,108 – $89,154: 4.5% of income
- $89,155 – $94,503: 5.0% of income
- $94,504 – $100,174: 5.5% of income
- Over $100,175: 6.0%–10.0% of income
HECS Indexation
On 1 June each year, your HECS-HELP balance is indexed to the Consumer Price Index (CPI). In recent years, indexation has ranged from 1.9% to 7.1%. This means your debt can grow faster than you repay it if your income is near the threshold. Making voluntary repayments before 1 June reduces the balance subject to indexation.
Repayment Income
Your repayment income includes your taxable income plus any reportable fringe benefits, total net investment losses, and reportable employer super contributions. It may be higher than your basic salary.