HECS-HELP
If your son or daughter is eligible they can apply to borrow all or part of their student contribution as a HECS-HELP loan. At the start of each semester, students receive an invoice for the subjects they have enrolled in. They will be asked to pay in one of three ways:
- defer the full amount using HECS-HELP loan, or
- pay the full amount (which attracts a 20% discount on the total cost of CSP fees), or
- pay some of the amount now and defer the rest using HECS-HELP loan.
Who can use HECS-HELP
You are eligible for HECS-HELP if you are:
- an Australian citizen, or
- a holder of an Australian permanent humanitarian visa.
You are not eligible for HECS-HELP and you are required to pay the full student contributions as an upfront payment if you are:
- the holder of a permanent resident visa, or
- a New Zealand citizen.
HECS-HELP loan
The HELP loans lets your son or daughter defer your debt to the Australian Taxation Office (ATO).
Your debt is indexed to the consumer price index (CPI).
Repayments for all HELP loans are contingent on income. Once your income reaches the repayment thresholds you must make compulsory repayments towards your HELP debt. In the 2010-11 income year, repayments towards your HELP debts are required if your income reaches $44,912.
