HECS-HELP Repayment Calculator
Calculate your compulsory student loan repayment for FY 2025-26
Includes taxable income + investment losses + fringe benefits + reportable super
🎉 2025 Debt Relief: All HECS-HELP balances existing as of 1 June 2026 received a 20% reduction. If you had a balance before June 2026, your current debt is 20% lower than it was.
HECS-HELP Repayment Rates 2025-26
New marginal system — repayment only applies to income above each threshold
| Repayment Income | Repayment |
|---|---|
| Below $67,000 | Nil |
| $67,001 – $125,000 | 15c per $1 over $67,000 |
| $125,001 – $179,285 | $8,700 + 17c per $1 over $125,000 |
| $179,286 and above | 10% of total income |
* Applies to repayment income (taxable income + reportable fringe benefits + net investment losses + reportable super). Source: ATO
How HECS-HELP Repayments Work
HECS-HELP is a loan scheme that helps eligible students pay for university or higher education. Once you earn above the repayment threshold ($67,000 for FY 2025-26), your employer will automatically withhold repayments from your salary through the PAYG tax system.
What is Repayment Income?
Your repayment income is different from your taxable income. It includes:
- Your taxable income
- Total net investment losses
- Reportable fringe benefits
- Reportable superannuation contributions
- Exempt foreign employment income
Voluntary Repayments
You can make voluntary repayments to your HECS-HELP loan at any time through the ATO. Voluntary repayments of $500 or more may attract a bonus (check current ATO guidelines).
Indexation
On 1 June each year, HECS-HELP debts are indexed to maintain their real value. The indexation rate is based on the Consumer Price Index (CPI). For 2024, the indexation rate was approximately 4.7%.
⚠️ Disclaimer: This calculator provides estimates only. HECS-HELP repayment thresholds and rates are set by the Australian Government and may change. Always check the official ATO website for current rates. Your actual repayment may differ based on your complete financial situation.