Higher Education Support Act 2003

Chapter 3 - Assistance to students  

PART 3-3 - FEE-HELP ASSISTANCE  

Division 104 - Who is entitled to FEE-HELP assistance?  

Subdivision 104-B - FEE-HELP balances  

SECTION 104-15   A person ' s FEE-HELP balance  

104-15(1)  


A person ' s FEE-HELP balance at a particular time is:


(a) if the *FEE-HELP limit in relation to the person at the time exceeds the sum of all of the amounts of *FEE-HELP assistance, *VET FEE-HELP assistance and *VET student loans that have previously been payable to the person, being that sum as reduced by any amounts previously re-credited under this Subdivision, Subdivision 7-B of Schedule 1A or Part 6 of the VET Student Loans Act 2016 - that excess; and


(b) otherwise - zero.

Note:

If an amount is to be re-credited to a FEE-HELP balance, the balance that is to be re-credited is worked out immediately before that re-crediting. The balance is worked out after the re-crediting by taking account of the amount re-credited. If a person ' s FEE-HELP limit has been reduced, the balance might not increase, or might not increase by the same amount as the amount re-credited.

104-15(2)  


To avoid doubt, the sum referred to in paragraph (1)(a) includes amounts of *FEE-HELP assistance, *VET FEE-HELP assistance and *VET student loans that have been repaid.



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