CalculationTime

HECS HELP Repayment Calculator 2024-25

Estimate your compulsory HECS-HELP repayment for 2024-25 using current ATO income thresholds and repayment rates. Shows annual, fortnightly and weekly repayment amounts.

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Your numbers, formula and explanation together

HECS HELP Repayment Calculator 2024-25: $2,625/yr. Rate 3.5% · $101/fortnight · $50/week · ~10.7 yrs to repay $28,000 debt

Formula applied

The exact method behind this answer

CalculationTime keeps the method visible so the number can be checked instead of blindly trusted.

If repayment income < $54,435: repayment = $0. Otherwise apply the ATO threshold band: income × rate for the band. Bands: $54,435–$62,849 at 1.0%; $62,850–$66,619 at 2.0%; $66,620–$70,618 at 2.5%; $70,619–$74,855 at 3.0%; $74,856–$79,347 at 3.5%; $79,348–$83,241 at 4.0%; $83,242–$87,580 at 4.5%; $87,581–$91,980 at 5.0%; $91,981–$96,640 at 5.5%; $96,641–$101,899 at 6.0%; $101,900–$107,214 at 6.5%; $107,215–$112,585 at 7.0%; $112,586–$118,119 at 7.5%; $118,120–$123,861 at 8.0%; $123,862–$129,825 at 8.5%; $129,826–$135,630 at 9.0%; $135,631–$141,848 at 9.5%; above $141,849 at 10.0%. Fortnightly = annual ÷ 26. Weekly = annual ÷ 52. Years to repay = debt ÷ annual repayment (assuming no indexation).
  1. Apply the formulaIf repayment income < $54,435: repayment = $0. Otherwise apply the ATO threshold band: income × rate for the band. Bands: $54,435–$62,849 at 1.0%; $62,850–$66,619 at 2.0%; $66,620–$70,618 at 2.5%; $70,619–$74,855 at 3.0%; $74,856–$79,347 at 3.5%; $79,348–$83,241 at 4.0%; $83,242–$87,580 at 4.5%; $87,581–$91,980 at 5.0%; $91,981–$96,640 at 5.5%; $96,641–$101,899 at 6.0%; $101,900–$107,214 at 6.5%; $107,215–$112,585 at 7.0%; $112,586–$118,119 at 7.5%; $118,120–$123,861 at 8.0%; $123,862–$129,825 at 8.5%; $129,826–$135,630 at 9.0%; $135,631–$141,848 at 9.5%; above $141,849 at 10.0%. Fortnightly = annual ÷ 26. Weekly = annual ÷ 52. Years to repay = debt ÷ annual repayment (assuming no indexation).$2,625/yrRate 3.5% · $101/fortnight · $50/week · ~10.7 yrs to repay $28,000 debt

Your live breakdown

Current inputs in the calculation

These values come from the controls above and update when the calculator changes.

Repayment income
75,000 AUD/yr
Repayment income = taxable income + reportable fringe benefits + total net investment loss. This is not the same as your salary.
HELP debt balance
28,000 AUD
Your current HELP/HECS debt balance as shown in myGov or your tax assessment. Used to estimate years to repay.

Resulting answer

$2,625/yr

Rate 3.5% · $101/fortnight · $50/week · ~10.7 yrs to repay $28,000 debt

Answer
$2,625/yr
Live support
Rate 3.5% · $101/fortnight · $50/week · ~10.7 yrs to repay $28,000 debt

Assumptions used

What this answer assumes

Exact for the published 2024-25 ATO threshold table. Years-to-repay is an approximation that excludes annual CPI indexation — actual repayment period will be longer in most years.

  • Rates reflect the 2024-25 ATO HELP repayment income thresholds.
  • HELP debt is indexed to CPI on 1 June each year. This calculator does not model future indexation — years-to-repay is an estimate only.
  • Repayment income includes taxable income plus reportable fringe benefits plus total net investment loss — it is not the same as your salary or gross income.
  • Voluntary repayments are not modelled. They reduce the debt immediately without bonus (the 5% bonus was removed from 1 January 2022).
  • The calculator covers HECS-HELP, FEE-HELP, OS-HELP and SA-HELP under the unified HELP scheme.

Master’s Tip

How to use the result well

Master's Tip: your employer withholds HELP repayments through the tax system based on your income. Print the repayment income (not salary), repayment rate and annual amount for your own records and to check against your PAYG withholding variation.

Printable record

What belongs in the saved calculation

Save the inputs, result, formula, assumptions, page URL and date together so the calculation can be reviewed later.

Repayment income
75,000 AUD/yr
Repayment income = taxable income + reportable fringe benefits + total net investment loss. This is not the same as your salary.
HELP debt balance
28,000 AUD
Your current HELP/HECS debt balance as shown in myGov or your tax assessment. Used to estimate years to repay.

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Formula

If repayment income < $54,435: repayment = $0. Otherwise apply the ATO threshold band: income × rate for the band. Bands: $54,435–$62,849 at 1.0%; $62,850–$66,619 at 2.0%; $66,620–$70,618 at 2.5%; $70,619–$74,855 at 3.0%; $74,856–$79,347 at 3.5%; $79,348–$83,241 at 4.0%; $83,242–$87,580 at 4.5%; $87,581–$91,980 at 5.0%; $91,981–$96,640 at 5.5%; $96,641–$101,899 at 6.0%; $101,900–$107,214 at 6.5%; $107,215–$112,585 at 7.0%; $112,586–$118,119 at 7.5%; $118,120–$123,861 at 8.0%; $123,862–$129,825 at 8.5%; $129,826–$135,630 at 9.0%; $135,631–$141,848 at 9.5%; above $141,849 at 10.0%. Fortnightly = annual ÷ 26. Weekly = annual ÷ 52. Years to repay = debt ÷ annual repayment (assuming no indexation).

Worked example

For $75,000 repayment income: falls in the $74,856–$79,347 band at 3.5%. Annual repayment = $75,000 × 3.5% = $2,625. Fortnightly = $101.00. Weekly = $50.48. With a $28,000 debt and no indexation, estimated years to repay ≈ 10.7 years.

Professional note

Master's Tip: your employer withholds HELP repayments through the tax system based on your income. Print the repayment income (not salary), repayment rate and annual amount for your own records and to check against your PAYG withholding variation.

Regional and unit assumptions

Australia only. Source: ATO — Higher Education Loan Program (HELP) 2024-25 repayment thresholds. Thresholds are updated each income year and indexed annually. Always verify the current year thresholds at ato.gov.au.

Assumptions and limitations

Trust boundary

What this calculator does NOT do

  • VSL (Vocational Student Loans) — separate threshold tables apply
  • New Zealand citizens living in Australia — different HELP rules apply
  • Calculating exact tax withholding — use the ATO's tax withheld calculator for PAYG purposes
  • Confirming your actual HELP debt balance — use myGov ATO online services

When to stop using this calculator

  • If your HELP debt is over $100,000 — consider a voluntary repayment strategy with your tax agent before the June indexation date
  • If you have multiple HELP loan types — verify the combined balance in myGov rather than estimating

Methodology & Accuracy

How this calculator is checked

CalculationTime pages are built around visible arithmetic: the formula, assumptions, worked example and practical limitations are shown so the result can be checked rather than simply trusted.

Formula used

If repayment income < $54,435: repayment = $0. Otherwise apply the ATO threshold band: income × rate for the band. Bands: $54,435–$62,849 at 1.0%; $62,850–$66,619 at 2.0%; $66,620–$70,618 at 2.5%; $70,619–$74,855 at 3.0%; $74,856–$79,347 at 3.5%; $79,348–$83,241 at 4.0%; $83,242–$87,580 at 4.5%; $87,581–$91,980 at 5.0%; $91,981–$96,640 at 5.5%; $96,641–$101,899 at 6.0%; $101,900–$107,214 at 6.5%; $107,215–$112,585 at 7.0%; $112,586–$118,119 at 7.5%; $118,120–$123,861 at 8.0%; $123,862–$129,825 at 8.5%; $129,826–$135,630 at 9.0%; $135,631–$141,848 at 9.5%; above $141,849 at 10.0%. Fortnightly = annual ÷ 26. Weekly = annual ÷ 52. Years to repay = debt ÷ annual repayment (assuming no indexation).

Standard or basis

Australia only. Source: ATO — Higher Education Loan Program (HELP) 2024-25 repayment thresholds. Thresholds are updated each income year and indexed annually. Always verify the current year thresholds at ato.gov.au.

Where a calculator follows a named legal, trade or industry standard, that standard is cited visibly. Otherwise the page uses transparent general arithmetic and states its limits.

Master's Tip

Master's Tip: your employer withholds HELP repayments through the tax system based on your income. Print the repayment income (not salary), repayment rate and annual amount for your own records and to check against your PAYG withholding variation.

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Questions

What is the 2024-25 HECS repayment threshold?

$54,435. No compulsory repayment is required if your repayment income is below this amount.

What is "repayment income"?

Repayment income is your taxable income plus reportable fringe benefits plus total net investment loss. It is not simply your salary. Check your notice of assessment or myTax for the exact figure.

Does HECS debt get indexed?

Yes. HELP debt is indexed to CPI on 1 June each year. In 2023 the indexation rate was 7.1%. This calculator does not model future indexation.

Can I make voluntary repayments?

Yes, through ATO online services. Voluntary repayments reduce your debt immediately. The 5% bonus for voluntary repayments was removed from 1 January 2022.

Is HECS-HELP the same as FEE-HELP?

They are different loan types but both sit under the HELP scheme and use the same repayment threshold table. HECS-HELP is for Commonwealth-supported places; FEE-HELP is for full-fee domestic students.