Repaying your HELP or HECS pupil financial obligation, explained

Repaying your HELP or HECS pupil financial obligation, explained

Whom asked the concern?

Bec Rose is really a biochemistry that is 19-year-old located in Melbourne. She wished to learn more about her pupil financial obligation.

“You’re told that you begin spending it well when you make a decent wage, but i do want to understand whenever precisely I’ll begin making repayments, exactly how much those repayments should be, ” she told ABC lifestyle.

Therefore, buckle up: we are going to go deeply into realm of the bigger Education Loan Program (HELP), which some people might know by its former title, HECS. We are going to cover education that is vocational training (VET) figuratively speaking too, that are area of the HELP system.

If you have been putting this off for a time, listed here is your chance to tick down some life admin.

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Just exactly exactly How pupil debt works in Australia

If you are a qualified pupil in a qualified college course or vocational training curriculum, you have access to the larger Education Loan Program (if you are at university) or perhaps the VET pupil loan system (if you should be at TAFE or any other vocational training provider).

You need to be an Australian citizen, hold a New Zealand special category visa or hold a permanent humanitarian visa when it comes to eligibility, there are a number of rules, but generally speaking. The StudyAssist web site has a tool that is handy you aren’t yes whether you qualify.

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