Australian HECS/HELP Debt Calculator - HECS Debt Calculator
Use our free Australian HECS debt calculator to calculate your HECS/HELP debt repayments based on your income. Our HECS debt calculator shows repayment rates, time to pay off debt, and impact on take-home pay.
Calculate your HECS/HELP debt repayments and plan your student loan payments
Calculate HECS/HELP Repayments
How to Use This Calculator
- Enter your current gross salary
- Enter your total HECS/HELP debt amount
- Select your pay frequency
- Click calculate to see repayment amounts
2024-25 HECS/HELP Repayment Rates
HECS/HELP Repayment Details
Enter your salary and debt amount to calculate repayments
Frequently Asked Questions
What is HECS/HELP debt?
HECS/HELP debt is a student loan provided by the Australian government to help pay for university fees. It's repaid through the tax system once you earn above the threshold.
When do I start repaying HECS/HELP?
You start repaying when your income reaches the repayment threshold ($51,950 for 2024-25). Repayments are calculated as a percentage of your income and deducted by your employer.
Can I make voluntary repayments?
Yes, you can make voluntary repayments at any time. Voluntary repayments of $500 or more receive a 5% bonus, and there's no penalty for early repayment.
Does HECS/HELP debt affect my credit rating?
No, HECS/HELP debt does not appear on your credit report and does not affect your credit rating or ability to get loans.
How Our HECS/HELP Debt Calculator Works
Our HECS/HELP debt calculator calculates your student loan repayments based on your income and the current repayment thresholds. HECS/HELP repayments are calculated as a percentage of your income, starting at 1% for incomes above $51,550 and increasing to 10% for higher incomes.
The calculator shows your annual HECS repayment amount, repayment rate, and how long it will take to pay off your debt based on your current income. This helps you plan your finances and understand the impact of HECS debt on your take-home pay.
You may also want to use our Pay Calculator to see your full pay breakdown including HECS deductions, or our Tax Refund Calculator to estimate your tax refund.
Who Should Use This HECS/HELP Debt Calculator?
- University graduates: Calculate HECS/HELP repayments based on income
- Students planning careers: Understand future repayment obligations
- People with HECS debt: Plan debt repayment and financial goals
- Salary negotiators: Understand net pay impact of HECS repayments
- Financial planners: Help clients plan for HECS debt repayment
Why Use CalculatorQuest's HECS/HELP Debt Calculator?
- Current thresholds: Uses latest 2025–26 HECS repayment thresholds
- Accurate rates: Calculates repayments from 1% to 10% based on income
- Debt payoff timeline: Estimates how long to pay off your debt
- 100% free: No registration, no fees, unlimited calculations
- Privacy-focused: All calculations done in your browser