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  • Study and training loans – what's new

    This page will keep you updated with the latest study and training support loan legislation related information.

    Renewable HELP balance

    A renewable Higher Education Loan Program (HELP) balance has been introduced. From 1 July 2019, any payment made to us towards a person's HELP or VET Student Loan (VSL) will increase their available HELP balance.

    We will send information about payments made to an individual's loan accounts to the Department of Education, Skills and Employment (DESE), who will maintain your available HELP balance.

    Very remote teachers measures

    Teachers may be eligible for remission of their HELP debt or waiver of indexation due to service in a very remote school. The DESE will determine eligibility and notify us if teachers qualify for a HELP debt remission or indexation waiver.

    Minimum repayment threshold lowered

    From 1 July 2019, the minimum repayment threshold is $45,881 at a 1% repayment rate. There are a further 17 thresholds and repayment rates. This graduates up to a top threshold of $134,573, where 10% of income will be repayable for all study and training support loans. This may impact on your 2019–20 tax return and following years.

    See also:

    • StudyAssistExternal Link website – information for students about government assistance for financing tertiary study (Department of Education, Skills and Employment)
    Last modified: 07 Apr 2020QC 59241