As a domestic student, you could be entitled to a Commonwealth Supported Place (CSP) at university. This means that the Australian Government subsidises your fees so that you only pay the remainder of the fees through a ‘student contribution' amount. HECS-HELP is a loan scheme to help you pay your course fees (student contribution amount).
Am I eligible for a HECS-Help loan scheme?
To be eligible for HECS-HELP, you must have a Commonwealth Supported Place, and be:
- an Australian citizen and will undertake at least one unit of study in Australia that contributes to your course of study
- the holder of an Australian permanent humanitarian visa and will be resident in Australia for the duration of your unit
- a New Zealand citizen with a Special Category Visa (SCV) who meets all of the eligibility requirements.
From 1 January 2021, all commencing CSP students will need to provide a Unique Student Identifier (USI). You should provide your USI on your HECS-HELP form. If you don't provide your USI on your HECS-HELP form, you will not be entitled to access a HELP loan, or study in a Commonwealth Supported Place course.
Combined HELP loan limit
From 1 January 2020, a combined HELP loan limit will replace the FEE-HELP limit and will include HECS-HELP, FEE-HELP, VET FEE-HELP and VET Student Loans.
Only new HECS-HELP debts incurred from 1 January 2020 will be counted towards the limit.
Any existing FEE-HELP, VET FEE-HELP or VET Student Loans taken out prior to 2020 will count towards your new HELP balance.
Reintroduction of the HECS-HELP 10% upfront payment discount
The HECS-HELP 10% upfront payment discount will mean that eligible students who make an upfront payment of $500 or more, will receive a 10% discount on their unit fees. This change comes into effect on 1 January 2021.
Students can choose to make a partial payment of $500 or more to receive the 10% discount and then defer the remainder of their fees to their HECS-HELP loan.
The discount also means that if you pay 90% of your student contribution amount as an upfront payment your entire student contribution amount will be paid, as the Government will pay the remaining 10% directly to QUT.
Upfront payments must be made on or before the census date for the relevant teaching period. The up-front payment must be $500 or more.