HECS-HELP Repayment Calculator

Estimate your compulsory HECS-HELP repayment based on your income. Repayments start when your income exceeds $54,435 (2024–25).

Annual Income (Repayment Income)

Taxable income + net investment losses + reportable fringe benefits

Current HECS-HELP Debt

Check MyGov for your current balance

Tax Year

Your annual HECS repayment

$2,625

at 3.5% of your income ($101 per fortnight)

Repayment Rate

3.5%

On $75,000 income

Per Fortnight

$101

Estimated Years to Repay

~12 years

Excluding indexation

Repayment Projection (assumes constant income, excludes indexation)

Year	Repayment	Remaining Debt
1	$2,625	$27,375
2	$2,625	$24,750
3	$2,625	$22,125
4	$2,625	$19,500
5	$2,625	$16,875
6	$2,625	$14,250
7	$2,625	$11,625
8	$2,625	$9,000
9	$2,625	$6,375
10	$2,625	$3,750
11	$2,625	$1,125
12	$1,125	PAID OFF

2024-25 HECS-HELP Repayment Thresholds (Flat)

Income Range	Rate
$0 – $54,435	0.0%
$54,435 – $62,850	1.0%
$62,850 – $66,620	2.0%
$66,620 – $70,618	2.5%
$70,618 – $74,855	3.0%
$74,855 – $79,346	3.5%
$79,346 – $84,107	4.0%
$84,107 – $89,154	4.5%
$89,154 – $94,503	5.0%
$94,503 – $100,174	5.5%
$100,174 – $106,185	6.0%
$106,185 – $112,556	6.5%
$112,556 – $119,309	7.0%
$119,309 – $126,467	7.5%
$126,467 – $134,056	8.0%
$134,056 – $142,100	8.5%
$142,100 – $150,626	9.0%
$150,626 – $159,663	9.5%
$159,663+	10.0%

How HECS-HELP Repayment Works

HECS-HELP (now called HELP) is repaid through the tax system. Your employer withholds repayments from your pay, similar to income tax. The repayment amount is based on your repayment income, which is your taxable income plus any net investment losses, reportable fringe benefits, and reportable super contributions.

The repayment is calculated on your entire income, not just the amount above the threshold. For example, if you earn $60,000 (1% rate), your repayment is 1% of $60,000 = $600 per year.

Your HELP debt is indexed each year on 1 June. From 2023, indexation is capped at the lower of CPI or the Wage Price Index (WPI).