HELP and HECS 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 2011-12.

HELP repayment thresholds and rates

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.