How much HECS will come out of your pay, and when will it be gone?
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From 2025–26 compulsory HELP repayments only apply to income above the threshold — $69,528 in 2026–27 — at 15 cents per dollar, then $9,028 plus 17 cents above $129,717. From $186,051 you repay 10% of your whole repayment income.
Each 1 June the debt is indexed by the lower of CPI and wage growth. Student debts were also cut by 20% in 2025.
| HELP debt | 30,000 $ |
| Repayment income | 80,000 $ |
| Yearly pay rise | 3% |
| Yearly indexation | 3% |
| Voluntary repayments a year | 0 $ |
| Compulsory repayment this year | $1,571 ($60 a fortnight) |
| Debt paid off in | 11 years |
| Total repaid | $36,677 |
| Repayment threshold 2026–27 | $69,528 — 15c per $1 above it |
$1,571 ($60 a fortnight).
| HELP debt | 45,000 $ |
| Repayment income | 120,000 $ |
| Yearly pay rise | 3% |
| Yearly indexation | 3% |
| Voluntary repayments a year | 0 $ |
| Compulsory repayment this year | $7,571 ($291 a fortnight) |
| Debt paid off in | 6 years |
| Total repaid | $49,842 |
| Repayment threshold 2026–27 | $69,528 — 15c per $1 above it |
6 years.
$69,528 of repayment income. Below that, nothing is withheld.
15% × ($100,000 − $69,528) = $4,571 a year.
HELP debts have no real interest beyond indexation, so many people prioritise higher-interest debt or a home deposit first.
Taxable income plus reportable fringe benefits, net investment losses, reportable super contributions and exempt foreign income.