Tuesday, December 3, 2019

Get HELP Government financial assistance

Get HELP Government financial assistance Get HELP Government financial assistancePosted March 17, 2015, by Career FAQs teamPaying for study with a HELP loan scheme is a great way to make education affordable. But who actually qualifies for HECS-HELP or FEE-HELP? And, when do you have to departure paying back your loan? Weve put a spotlight on the governments Higher Education Loan Program (HELP) to help you find the right financial assistance option for you.HECS-HELPWhat is HECS-HELP?The HECS-HELP scheme provides you with access to a loan to help you pay your student contribution amount, with the added incentive of a discount for upfront payment of your tuition fees.Am I eligible?You mustBe studying in a subsidised enrolment at university known as a Commonwealth Supported Place.Be an Australian citizen or permanent humanitarian visa holder.Enrol with an approved provider, by the census date.When do I starting paying back my loan?Youll start repaying your HELP debt once your taxable i ncome reaches the compulsory repayment threshold. This threshold is adjusted every year. The threshold for 2019-20 is $45,881.Is there anything else I need to know?HECS-HELP debts dont incur interest, but are indexed annually in line with the Consumer Price Index (CPI). The indexation rate for 2019 is 1.5%(reviewed and updated annually in March)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.To get started with your HECS-HELP application, or for more information, you can head to the StudyAssist website.Browse through our range of online courses that are covered by HECS-HELP.FEE-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 univers ity 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?In2019 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 not count towards your FEE-HELP limit and is calculated for each individual unit you undertake. HECS-HELP debts dont incur interest but are indexed annually in line with the Consumer Price Index (CPI). The indexation rate for 2019 is 1.5% (reviewed and updated annually in March)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.To start your FEE-HELP application, or for more information, head to the Study Assist website.Browse through our range of onlines ocurses that are covered by FEE-HELP.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 - $7 0,8904.0%$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%$126,956 - $134,57210% 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 ansprechbar Enquire OnlineCertificate III in Health AdministrationEnquire Online Enquire OnlineBachelor of Criminal JusticeEnquire Online Enquire OnlineCertificate III in Allied Health AssistanceEnquire Online Enquire OnlineCareer FAQs teamRelated ArticlesBrowse moreInterview questionsInterview tips9 Illegal Interview Questions to Look Out ForCan you ask that? 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