All about HECS and FEE HELP

Information for OUA students on finding ways to fund your education.

Q: Is there a limit to how much I can borrow?

money

money (Photo credit: 401(K) 2013)

HECS-HELP: There is no limit to the amount you can borrow under the HECS-HELP loan scheme.
FEE-HELP and VET FEE-HELP: In 2012, the FEE-HELP limit is $89,706, except for medicine, dentistry and veterinary science courses (which lead to provisional registration to practise in one of these fields) where the limit is $112,134. The FEE-HELP limit is the consolidated total loan amount available to you under both the FEE-HELP and VET FEE-HELP loan schemes. The FEE-HELP limit is a lifetime limit. The FEE-HELP limit will not be reset if you have partially or fully repaid your FEE-HELP loan, or if your course fees are more than the FEE-HELP limit.
OS-HELP: For OS-HELP, the maximum amount you can borrow for a 6-month period in 2012 is $5,824. Students are only eligible for two OS-HELP loans over their lifetime.
SA-HELP: For SA-HELP, there is no limit that you can borrow.

Q: What is the balance of my HELP debt?

You can call the Australian Taxation Office (ATO) on 13 28 61 for specific queries on your HELP account, including how much your HELP debt is. You will have to advise the ATO of your tax file number (TFN) before they will disclose any personal information to you.

Where can I get more information?

 

 

 

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