• HELP repayment thresholds and rates

    Overview

    This document lists the repayment thresholds and rates for the compulsory repayment of Higher Education Loan Program (HELP) and Higher Education Contribution Scheme (HECS) debts. Income years range from 1988–89 to 2014–15.

    HELP repayment thresholds and rates

    2014-15

    HELP repayment income (HRI*)

    Repayment rate

    Below $53,345

    Nil

    $53,345 - $59,421

    4.0%

    $59,422 - $65,497

    4.5%

    $65,498 – $68,939

    5.0%

    $68,940 - $74,105

    5.5%

    $74,106 - $80,257

    6.0%

    $80,258 - $84,481

    6.5%

    $84,482 - $92,970

    7.0%

    $92,971 - $99,069

    7.5%

    $99,070 and above

    8.0%

    *HRI = Taxable income plus any total net investment loss (which includes net rental losses), total reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income.

    2013-14

    HELP repayment income (HRI*)

    Repayment rate

    Below $51,309

    Nil

    $51,309 - $57,153

    4.0%

    $57,154 - $62,997

    4.5%

    $62,998 - $66,308

    5.0%

    $66,309 - $71,277

    5.5%

    $71,278 - $77,194

    6.0%

    $77,195 - $81,256

    6.5%

    $81,257 - $89,421

    7.0%

    $89,422 - $95,287

    7.5%

    $95,288 and above

    8.0%

    *HRI = Taxable income plus any total net investment loss (which includes net rental losses), total reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income.

    2012-13

    HELP repayment income (HRI*)

    Repayment rate

    Below $49,096

    Nil

    $49,096–$54,688

    4% of HRI

    $54,689–$60,279

    4.5% of HRI

    $60,280–$63,448

    5% of HRI

    $63,449–$68,202

    5.5% of HRI

    $68,203–$73,864

    6% of HRI

    $73,865–$77,751

    6.5% of HRI

    $77,752–$85,564

    7% of HRI

    $85,565–$91,177

    7.5% of HRI

    $91,178 and above

    8% of HRI

    *HRI = Taxable income plus any total net investment loss (which includes net rental losses), total reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income.

    2011–12

    HELP repayment income (HRI*)

    Repayment rate

    Below $47,196

    Nil

    $47,196–$52,572

    4% of HRI

    $52,573–$57,947

    4.5% of HRI

    $57,948–$60,993

    5% of HRI

    $60,994–$65,563

    5.5% of HRI

    $65,564–$71,006

    6% of HRI

    $71,007–$74,743

    6.5% of HRI

    $74,744–$82,253

    7% of HRI

    $82,254–$87,649

    7.5% of HRI

    $87,650 and above

    8% of HRI

    *HRI = Taxable income plus any total net investment loss (which includes net rental losses), total reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income.

    2010–11

    HELP repayment income (HRI*)

    Repayment rate

    Below $44,912

    Nil

    $44,912–$50,028

    4% of HRI

    $50,029–$55,143

    4.5% of HRI

    $55,144–$58,041

    5% of HRI

    $58,042–$62,390

    5.5% of HRI

    $62,391–$67,570

    6% of HRI

    $67,571–$71,126

    6.5% of HRI

    $71,127–$78,273

    7% of HRI

    $78,274–$83,407

    7.5% of HRI

    $83,408 and above

    8% of HRI

    *HRI = Taxable income plus any total net investment loss (which includes net rental losses), total reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income.

    2009–10

    HELP repayment income (HRI*)

    Repayment rate

    Below $43,151

    Nil

    $43,151–$48,066

    4% of HRI

    $48,067–$52,980

    4.5% of HRI

    $52,981–$55,764

    5% of HRI

    $55,765–$59,943

    5.5% of HRI

    $59,944–$64,919

    6% of HRI

    $64,920–$68,336

    6.5% of HRI

    $68,337–$75,203

    7% of HRI

    $75,204–$80,136

    7.5% of HRI

    $80,137 and above

    8% of HRI

    *HRI = Taxable income plus any total net investment loss (which includes net rental losses), total reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income.

    2008–09

    HELP repayment income (HRI*)

    Repayment rate

    Below $41,595

    Nil

    $41,595–$46,333

    4% of HRI

    $46,334–$51,070

    4.5% of HRI

    $51,071–$53,754

    5% of HRI

    $53,755–$57,782

    5.5% of HRI

    $57,783–$62,579

    6% of HRI

    $62,580–$65,873

    6.5% of HRI

    $65,874–$72,492

    7% of HRI

    $72,493–$77,247

    7.5% of HRI

    $77,248 and above

    8% of HRI

    *HRI = Taxable income plus any net rental losses, total reportable fringe benefits amounts and exempt foreign employment income.

    >

    2007–08

    HELP repayment income (HRI*)

    Repayment rate

    Below $39,825

    Nil

    $39,825–$44,360

    4% of HRI

    $44,361–$48,896

    4.5% of HRI

    $48,897–$51,466

    5% of HRI

    $51,467–$55,322

    5.5% of HRI

    $55,323–$59,915

    6% of HRI

    $59,916–$63,068

    6.5% of HRI

    $63,069–$69,405

    7% of HRI

    $69,406–$73,959

    7.5% of HRI

    $73,960 and above

    8% of HRI

    *HRI = Taxable income plus any net rental losses, total reportable fringe benefits amounts and exempt foreign employment income.

    2006–07

    HELP repayment income (HRI*)

    Repayment rate

    Below $38,149

    Nil

    $38,149–$42,494

    4% of HRI

    $42,495–$46,838

    4.5% of HRI

    $46,839–$49,300

    5% of HRI

    $49,301–$52,994

    5.5% of HRI

    $52,995–$57,394

    6% of HRI

    $57,395–$60,414

    6.5% of HRI

    $60,415–$66,485

    7% of HRI

    $66,486–$70,846

    7.5% of HRI

    $70,847 and above

    8% of HRI

    *HRI = Taxable income plus any net rental losses, total reportable fringe benefits amounts and exempt foreign employment income.

    2005–06

    HELP repayment income (HRI*)

    Repayment rate

    Below $36,185

    Nil

    $36,185–$40,306

    4% of HRI

    $40,307–$44,427

    4.5% of HRI

    $44,428–$46,762

    5% of HRI

    $46,763–$50,266

    5.5% of HRI

    $50,267–$54,439

    6% of HRI

    $54,440–$57,304

    6.5% of HRI

    $57,305–$63,062

    7% of HRI

    $63,063–$67,199

    7.5% of HRI

    $67,200 and above

    8% of HRI

    *HRI= Taxable income plus any net rental losses, total reportable fringe benefits amounts and exempt foreign employment income.

    HECS repayment thresholds and rates 1988–89 to 2004–05

    2004–05

    HECS repayment income (HRI*)

    Repayment rate

    Below $35,001

    Nil

    $35,001–$38,987

    4% of HRI

    $38,988–$42,972

    4.5% of HRI

    $42,973–$45,232

    5% of HRI

    $45,233–$48,621

    5.5% of HRI

    $48,622–$52,657

    6% of HRI

    $52,658–$55,429

    6.5% of HRI

    $55,430–$60,971

    7% of HRI

    $60,972–$64,999

    7.5% of HRI

    $65,000 and above

    8% of HRI

    *HRI = Taxable income plus any net rental losses and total reportable fringe benefits amounts.

    2003–04

    HECS repayment income (HRI*)

    Repayment rate

    Below $25,348

    Nil

    $25,348–$26,731

    3% of HRI

    $26,732–$28,805

    3.5% of HRI

    $28,806–$33,414

    4% of HRI

    $33,415–$40,328

    4.5% of HRI

    $40,329–$42,447

    5% of HRI

    $42,448–$45,628

    5.5% of HRI

    $45,629 and above

    6% of HRI

    *HRI= Taxable income plus any net rental losses and total reportable fringe benefits amounts.

    2002–03

    HECS repayment income (HRI*)

    Repayment rate

    Below $24,365

    Nil

    $24,365–$25,694

    3% of HRI

    $25,695–$27,688

    3.5% of HRI

    $27,689–$32,118

    4% of HRI

    $32,119–$38,763

    4.5% of HRI

    $38,764–$40,801

    5% of HRI

    $40,802–$43,858

    5.5% of HRI

    $43,859 and above

    6% of HRI

    *HRI = Taxable income plus any net rental losses and total reportable fringe benefits amounts.

    2001–02

    HECS repayment income (HRI*)

    Repayment rate

    Below $23,242

    Nil

    $23,242–$24,510

    3% of HRI

    $24,511–$26,412

    3.5% of HRI

    $26,413–$30,638

    4% of HRI

    $30,639–$36,977

    4.5% of HRI

    $36,978–$38,921

    5% of HRI

    $38,922–$41,837

    5.5% of HRI

    $41,838 and above

    6% of HRI

    *HRI = Taxable income plus any net rental losses and total reportable fringe benefits amounts.

    2000–01

    HECS repayment income (HRI*)

    Repayment rate

    Below $22,346

    Nil

    $22,346–$23,565

    3% of HRI

    $23,566–$25,393

    3.5% of HRI

    $25,394–$29,456

    4% of HRI

    $29,457–$35,551

    4.5% of HRI

    $35,552–$37,420

    5% of HRI

    $37,421–$40,223

    5.5% of HRI

    $40,224 and above

    6% of HRI

    *HRI = Taxable income plus any net rental losses and total reportable fringe benefits amounts.

    1999–2000

    HECS repayment income (HRI*)

    Repayment rate

    Below $21,984

    Nil

    $21,984–$23,183

    3% of HRI

    $23,184–$24,982

    3.5% of HRI

    $24,983–$28,980

    4% of HRI

    $28,981–$34,976

    4.5% of HRI

    $34,977–$36,814

    5% of HRI

    $36,815–$39,572

    5.5% of HRI

    $39,573 and above

    6% of HRI

    *HRI = Taxable income plus any net rental losses and total reportable fringe benefits amounts.

    1998–99

    HECS repayment income (HRI*)

    Repayment rate

    Below $21,334

    Nil

    $21,334–$22,498

    3% of HRI

    $22,499–$24,244

    3.5% of HRI

    $24,245–$28,123

    4% of HRI

    $28,124–$33,942

    4.5% of HRI

    $33,943–$35,726

    5% of HRI

    $35,727–$38,402

    5.5% of HRI

    $38,403 and above

    6% of HRI

    *HRI = Taxable income plus net rental losses

    1997–98

    HECS repayment income (HRI*)

    Repayment rate

    Below $20,701

    Nil

    $20,701–$21,830

    3% of HRI

    $21,831–$23,524

    3.5% of HRI

    $23,525–$27,288

    4% of HRI

    $27,289–$32,934

    4.5% of HRI

    $32,935–$34,665

    5% of HRI

    $34,666–$37,262

    5.5% of HRI

    $37,263 and above

    6% of HRI

    *HRI = Taxable income plus net rental losses

    1996–97

    HECS repayment income (HRI*)

    Repayment rate

    $20,594–$28,494

    2% Voluntary threshold

    Below $28,495

    Nil

    $28,495–$30,049

    3% of HRI

    $30,050–$32,381

    3.5% of HRI

    $32,382–$37,563

    4% of HRI

    $37,564–$45,335

    4.5% of HRI

    $45,336–$47,718

    5% of HRI

    $47,719–$51,292

    5.5% of HRI

    $51,293 and above

    6% of HRI

    *HRI = Taxable income plus net rental losses

    1995–96

    Taxable income (TI)

    Repayment rate

    $20,000–$27,674

    2% Voluntary threshold

    Below $27,675

    Nil

    $27,675–$31,449

    3% of TI

    $31,450–$44,029

    4% of TI

    $44,030 and above

    5% of TI

    1994–95

    Taxable income (TI)

    Repayment rate

    Below $26,853

    Nil

    $26,853–$30,516

    3% of TI

    $30,517–$42,722

    4% of TI

    $42,723 and above

    5% of TI

    1993–94

    Taxable income (TI)

    Repayment rate

    Below $26,403

    Nil

    $26,403–$30,004

    3% of TI

    $30,005–$42,005

    4% of TI

    $42,006 and above

    5% of TI

    1992–93

    Taxable income (TI)

    Repayment rate

    Below $27,748

    Nil

    $27,748–$31,532

    2% of TI

    $31,533–$44,146

    3% of TI

    $44,147 and above

    4% of TI

    1991–92

    Taxable income (TI)

    Repayment rate

    Below $27,098

    Nil

    $27,098–$30,793

    2% of TI

    $30,794–$43,112

    3% of TI

    $43,113 and above

    4% of TI

    1990–91

    Taxable income (TI)

    Repayment rate

    Below $25,469

    Nil

    $25,469–$28,941

    2% of TI

    $28,942–$40,519

    3% of TI

    $40,520 and above

    4% of TI

    1989–90

    Taxable income (TI)

    Repayment rate

    Below $23,583

    Nil

    $23,583–$26,798

    1% of TI

    $26,799–$37,518

    2% of TI

    $37,519 and above

    3% of TI

    1988–89

    Taxable income (TI)

    Repayment rate

    Below $22,000

    Nil

    $22,000–$24,999

    0.5% of TI

    $25,000–$34,999

    1% of TI

    $35,000 and above

    1.5% of TI

    More information

    Repaying your HELP debt in 2013-14  

    Higher Education Loan Program (HELP) indexation rates

    Higher Education Loan Program (HELP) voluntary repayment calculator

    Last modified: 03 Apr 2014QC 16176