Bonuses, benefits and discounts

You may be able to get a benefit, bonus or discount applied to your debt depending on your specific circumstances.

Find out about:

Bonus for HELP voluntary repayments

Currently, some HELP voluntary repayments attract a 5% bonus. If you make a voluntary repayment of $500 or more, your account will be credited with an additional 5% of your payment. Your bonus is 5% of the payment you make, not 5% of your outstanding debt.

Example: 5% bonus for voluntary repayment

Martin has a loan balance of $4,500 and makes a $1,500 voluntary repayment. His bonus amount is $75 ($1,500 x 5%). With the 5% bonus, the value of his repayment is $1,575 ($1,500 x 1.05) and his loan balance is reduced to $2,925 ($4,500 – $1,575).

End of example

Note: The voluntary repayment bonus is available until 31 December 2016. From 1 January 2017 a bonus will no longer apply.

If you want to make a voluntary repayment you need your payment reference number (PRN).

Note:The ATO will be closed from midday 23 December 2016 until 3 January 2017. ATO online services will be unavailable during this time.

If you need to confirm your PRN you can log into ATO online through your myGov account or phone us on 13 28 61 to confirm your PRN before 23 December 2016.

You need to make sure your payment reaches us by 31 December 2016. You should check with your financial institution for their processing deadlines.

You can use our HELP voluntary repayment calculator to estimate your bonus and the remaining balance on your loan.

HELP voluntary repayment calculator

HECS-HELP benefit

The HECS-HELP benefit provides an incentive for graduates of particular courses to take up related occupations or work in specified locations by reducing:

  • compulsory HELP repayments, or
  • HELP debt.

You may be eligible for the HECS-HELP benefit if you have graduated in one of the following fields and meet the criteria as listed on the StudyAssist website:

  • mathematics, statistics or science
  • education, nursing or midwifery
  • early childhood education.

You may be eligible for more than one type of benefit. For example, an early childhood education teacher working in a rural/remote area may be eligible for both the early childhood education HECS-HELP benefit as well as the education HECS-HELP benefit.

You need to lodge a separate application for each benefit.

How to apply

There are two different application forms for HECS-HELP benefits depending on your area of study:

  • early childhood education
  • maths, science, education or nursing (including midwifery).

If you're eligible, you can apply for the HECS-HELP benefit by completing the relevant form in the link below. Each form includes an eligibility checklist at the start – the rest of the form will appear only if you are able to answer 'Yes' to all questions in the checklist.

Next step:

See also:

Time limits

You have two years to lodge your application from the end of the income year for which you are applying. For example, if you are applying for the 2014–15 income year, your application must reach us by 30 June 2017. We will not accept late applications.

Eligible graduates may apply for the HECS-HELP benefit on an annual basis for a total lifetime claim of 260 weeks. Your claim does not need to be for a continuous period. The number of weeks you claim for each year will be subtracted from the 260 weeks until your entitlement is reduced to nil.

Discount for TSL apprentices

If you are an Australian apprentice and you have successfully completed your apprenticeship, a 20% discount is applied to the Trade Support Loan (TSL) you borrowed.

See also:

Last modified: 30 Sep 2016QC 44861