🇦🇺 Student Debt Tool 2024-25
HECS-HELP
Repayment Calculator
Calculate your compulsory HECS repayment based on your income and see when you'll be debt-free.
🎓 HECS-HELP Repayment Estimator
A$
A$
Current Debt
A$0
Annual Repayment
A$0
Repayment Rate
0%
Debt Free In
- yrs
How Does HECS-HELP Repayment Work?
HECS-HELP debt is repaid compulsorily through the tax system once your income exceeds the minimum repayment threshold. The repayment rate increases with income. Your debt is also indexed annually to the Consumer Price Index (CPI), meaning it grows each year if your repayments don't keep up.
2024-25 Repayment Thresholds
| Income Range | Repayment Rate | Annual Repayment (Example) |
|---|---|---|
| Below $54,435 | Nil | $0 |
| $54,435 – $62,850 | 1.0% | ~$600 |
| $62,851 – $66,620 | 2.0% | ~$1,320 |
| $66,621 – $70,618 | 2.5% | ~$1,750 |
| $70,619 – $74,855 | 3.0% | ~$2,250 |
| $74,856 – $79,346 | 3.5% | ~$2,800 |
| $79,347 – $84,107 | 4.0% | ~$3,400 |
| $84,108 – $89,154 | 4.5% | ~$4,000 |
| $89,155 – $94,503 | 5.0% | ~$4,700 |
| $94,504 – $100,174 | 5.5% | ~$5,500 |
| $100,175 – $106,185 | 6.0% | ~$6,300 |
| Over $151,201 | 10.0% | ~$15,000+ |
Search Keywords
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