{"id":7076,"date":"2018-09-06T04:23:31","date_gmt":"2018-09-05T20:23:31","guid":{"rendered":"https:\/\/www.curtin.edu.au\/news\/changes-higher-education-loan-program-help-announced\/"},"modified":"2022-12-07T13:08:56","modified_gmt":"2022-12-07T05:08:56","slug":"changes-higher-education-loan-program-help-announced","status":"publish","type":"post","link":"https:\/\/www.curtin.edu.au\/news\/changes-higher-education-loan-program-help-announced\/","title":{"rendered":"Changes to the Higher Education Loan Program (HELP) announced"},"content":{"rendered":"<p>The Australian government recently announced changes to the Higher Education Loan Program (HELP). These include a new lower minimum repayment threshold, an increase to the FEE-HELP loan limit, and a combined, renewable loan limit.<\/p>\n<h2>A new set of repayment thresholds<\/h2>\n<p>From 1 July 2019, the new minimum HELP repayment threshold will be $45,881 with a one per cent repayment rate. The top threshold of $134,573 will have a ten per cent repayment rate.<\/p>\n<p>For information on the new repayment thresholds, please see <a href=\"https:\/\/www.studyassist.gov.au\/paying-back-my-loan\">Paying Back My Loan<\/a> on the <em>Study Assist<\/em> website.<\/p>\n<h2>Increase to the FEE-HELP loan limit for 2019<\/h2>\n<p>From 1 January 2019, the FEE-HELP loan limit will increase from $127,992 to $150,000 for students studying medicine, dentistry and veterinary science courses. The FEE-HELP loan limit for all other students will be increased to $104,440.<\/p>\n<h2>Combined, renewable HELP loan limit<\/h2>\n<ul>\n<li><strong>Combined HELP loan limit<\/strong>\u00a0&#8211; from 1 January 2020, a combined HELP loan limit will replace the FEE-HELP limit and will include FEE-HELP, VET Student Loans, VET FEE-HELP and HECS-HELP. Only new HECS-HELP loans will be counted towards the limit. Any existing FEE-HELP, VET FEE-HELP or VET Student Loans will count.<\/li>\n<li><strong>Renewable HELP balance<\/strong> &#8211; From 1 January 2020, you can top up your HELP loan limit by making repayments on your debt. Repayments relating to the 2019-20 income year will top up a person&#8217;s HELP balance. Any compulsory or voluntary repayments can be re-borrowed in the future, up to the current HELP loan limit.<\/li>\n<\/ul>\n<p>Further information view the\u00a0<a href=\"https:\/\/www.studyassist.gov.au\/news\/2018-sustainability-bill\">2018 Sustainability Bill announcement<\/a>\u00a0 on Study Assist website.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian government recently announced changes to the Higher Education Loan Program including changes to minimum repayment threshold, FEE-HELP loan limit, and a combined renewable loan limit.<\/p>\n","protected":false},"author":4275,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"","_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","wds_primary_category":0,"wds_primary_research-areas":0,"footnotes":""},"categories":[1],"tags":[],"research-areas":[],"class_list":["post-7076","post","type-post","status-publish","format-standard","hentry","category-uncategorised"],"acf":{"post_options":{"":null,"additional_content":{"title":"","content":"","image":false},"related_courses":false,"credits":{"author":"","photographer":"","media":false},"display_author":true,"banner":{"image":false}}},"featured_image":false,"author_meta":{"first_name":"Curtin","last_name":"University","display_name":"Curtin University"},"publishpress_future_action":{"enabled":false,"date":"2026-04-13 07:37:49","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.curtin.edu.au\/news\/wp-json\/wp\/v2\/posts\/7076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.curtin.edu.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.curtin.edu.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.curtin.edu.au\/news\/wp-json\/wp\/v2\/users\/4275"}],"replies":[{"embeddable":true,"href":"https:\/\/www.curtin.edu.au\/news\/wp-json\/wp\/v2\/comments?post=7076"}],"version-history":[{"count":0,"href":"https:\/\/www.curtin.edu.au\/news\/wp-json\/wp\/v2\/posts\/7076\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.curtin.edu.au\/news\/wp-json\/wp\/v2\/media?parent=7076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.curtin.edu.au\/news\/wp-json\/wp\/v2\/categories?post=7076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.curtin.edu.au\/news\/wp-json\/wp\/v2\/tags?post=7076"},{"taxonomy":"research-areas","embeddable":true,"href":"https:\/\/www.curtin.edu.au\/news\/wp-json\/wp\/v2\/research-areas?post=7076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}