FEE-HELP Study now, pay later

FEE-HELP Study now, pay later FEE-HELP Study now, pay laterPosted July 10, 2015, by Career FAQs teamFEE-HELPWhat is FEE-HELP?FEE-HELP is a loan scheme to help students pay all, or part, of their tuition fees. You can only access FEE-HELP if youre planning to study at a university or other private higher education institution that has been approved to offer FEE-HELP to eligible students.Am I eligible?You mustBe enrolled in an eligible unit of study, offered by an approved FEE-HELP provider, by the census date ANDBe an Australian citizen undertaking one unit of study in Australia ORBe a permanent humanitarian visa holder, residing in Australia for the duration of your unit ORBe a permanent visa holder undertaking bridging study for overseas-trained professionals, and residing in Australia for the duration of study.When do I starting paying backYoull start repaying your HELP debt once your taxable income reaches the compulsory repayment threshold. This threshold is adjusted every year. The threshold for 2019-20 is $45,881.How much can I borrow?In 2019 you can borrow up to $104,440 under the FEE-HELP scheme. For students studying medicine, dentistry and veterinary science courses, the FEE-HELP limit is $150,000.Is there anything else I need to know?There is a 25% FEE-HELP loan fee applied to undergraduate courses. This does bedrngnis count towards your FEE-HELP limit, and is calculated for each individual unit you undertake. Your HELP debt is indexed each year in March to reflect changes in the Consumer Price Index (CPI).Disclaimer This information is correct at the time of publishing, but is subject to change under the current governments higher education reforms. The figures provided are applicable for the 2019-20 financial year only. For more information, visit StudyAssist www.studyassist.gov.au.2019-2020 Repayment rates2019-2020 Repayment ratesRepayment % rateBelow $45,881NIL$45,881 $52,9731.0%$52,974 $56,1512.0%$56,152 $59,5212.5%$59,522 - $63,0923.0%$63 ,093 - $66,8773.5%$66,878 - $70,8904.0%$70,891 - $75,1444.5%$75,145 - $79,6525.0%$79,653 - $84,4325.5%$84,433 - $89,4986.0%$89,499 - $94,8686.5%$94,869 - $100,5607.0%$100,561 - $106,5937.5%$106,594 - $112,9898.0%$112,990 - $119,7698.5%$119,770 - $126,9559.0%$126,956 - $134,5729.5%$134,573 and above10%To get started with your FEE-HELP application, or for more information, you can head to the StudyAssist website.Browse through our range of online courses that are covered by FEE-HELP. ResourcesMy first resumeCover letter for my first jobCareer Insider StoriesShelley Lask - Body Positive Health & FitnessInterested in becoming a?Human Resources OfficerGeneral ManagerBusiness ManagerAccountantOffice Administrator CoursesBachelor of Social WorkEnquire angeschlossen Enquire OnlineCertificate III in Health AdministrationEnquire Online Enquire OnlineBachelor of Criminal JusticeEnquire Online Enquire OnlineCertificate III in Allied Health AssistanceEnquire Online Enquire OnlineCareer FAQs team Related ArticlesBrowse moreMBASTUDYINGMBA or Masters - Whats Right For You?MBA v Masters? Are they the same? And which should you choose? Such sensible questions you ask The MBA Vs Masters debate has been causing quite a stir in our waters, so we thought wed dispel the rumours and deliver you the facts on each.The end of Work ChoicesJulia Gillard has introduced Labors new industrial relation laws to parliament spelling the end of the Howard Governments Work Choices.Career changeJob hunting tipsSmart Moves To Make When Your Job Search Is Going NowhereHelp My job search is going nowhere Sound familiar? Weve got 6 smart moves you can make to get attention and land yourself an interview.