HECS–HELP is only available for domestic students studying at public universities. Moore College students can apply for FEE-HELP, which is a loan for eligible domestic fee-paying students:
- Most students can borrow up to $109,206 in their lifetime to pay tuition fees (this can vary in some fields of study). FEE-HELP does not cover any other costs.
- FEE-HELP attracts a 20% loan fee that the Government charges (e.g. if we charge $2000 for a unit, the Government will turn that into a $2000 debt for that subject). The loan fee itself doesn’t contribute to a student’s borrowing limit.
- Once an income of $47,014 is reached (thresholds may change annually), students are required to start paying the debt through the tax system.
- Repayments can be made on FEE-HELP loan to top-up the balance of their borrowing limit
- HECS and FEE-HELP loans are now combined, but if a student has used HECS-HELP before 2019, this HECS debt doesn’t count towards the borrowing limit under the combined loan scheme. HECS debts acquired from 2019 onwards will count towards the limit.
- Students can check their HELP balance through myGov > ATO Service
- Registrar’s Department can check how much of the FEE-HELP balance remains for students, but not any of the details
Students will be emailed an online form (e-CAF) after they enrol in subjects. See the Study Assist website for more information.
