HECS-HELP Calculator
Calculate your compulsory HECS-HELP repayment based on taxable income and outstanding loan balance.
Details
Result
Annual HECS Repayment
A$2,625
Monthly (from take-home)
A$219
Years to Clear (no indexation)
10 yrs
Repayment % of Income
3.50%
How HECS-HELP repayment works
Your repayment is a percentage of your total taxable income, taken automatically through the tax system. There\'s no minimum or maximum — just a sliding scale. Voluntary repayments are allowed but no longer receive a bonus.
Should I pay off HECS early?
Usually not. HECS indexes annually to CPI (~2-4%), far below investment returns. Keep repayments compulsory and invest any surplus. Exception: if you\'re planning to move overseas long-term, accumulated indexation can bite.
Frequently Asked Questions
Everything you need to know, in one place.
What is HECS-HELP?
A government loan that covers your university tuition. No interest, but the balance is indexed annually to CPI. Repayment is automatic via income tax once you earn above the threshold.
When does HECS repayment start?
Once your taxable income exceeds $54,435 (2026-27 projected). Rate rises progressively from 1% to 10% as income increases.
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