HECS-HELP repayment calculator
See your compulsory study loan repayment and an estimate of when your debt will be paid off.
| Repayment rate on your next dollar | 15c |
| Take-home pay with the repayment | $64,959 |
| Estimated time to repay | 9 years |
Year by year
| Year | Repaid | Left after indexation |
|---|---|---|
| 1 | $2,321 | $28,510 |
| 2 | $2,703 | $26,580 |
| 3 | $3,097 | $24,188 |
| 4 | $3,503 | $21,305 |
| 5 | $3,921 | $17,906 |
| 6 | $4,352 | $13,961 |
| 7 | $4,795 | $9,441 |
| 8 | $5,252 | $4,315 |
| 9 | $4,315 | $0 |
An estimate: future thresholds are held at 2026–27 levels, and voluntary repayments aren’t included.
Good to know
Since 1 July 2025, HELP repayments are worked out on the part of your income above the threshold, rather than as a percentage of all your income. That made repayments smaller for most people.
Your employer withholds an amount from each pay towards your repayment. The exact amount is worked out when you lodge your tax return, based on your repayment income (taxable income plus some extras, like reportable fringe benefits and net investment losses).
HELP debts don’t charge interest, but the balance is indexed each 1 June. You can make voluntary repayments at any time.