HECS/HELP Debt Calculator
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.