How it works, when you repay, and what the 2026 thresholds look like. Everything you need to know about Australia's student loan system.
Official StudyAssist →Check Your Debt →Available to Australian citizens and permanent humanitarian visa holders enrolled in Commonwealth-supported places at approved universities.
Repayments are income-contingent — deducted from your pay once you earn above the minimum threshold (~$54,435 in 2025-26). Rates: 1% to 10%.
Your HECS debt is indexed annually (capped at the lower of CPI or wage growth index since 2023 reforms). Understand what this means for your total debt.
Paying extra reduces your balance faster. Consider voluntary repayments if you have spare cash — no penalties for early repayment.
Understand how HECS affects your tax return, your borrowing capacity for mortgages, and your take-home pay.
Tax Guides →Knowledge is power. The better you understand HECS, the smarter you can manage repayments.
Check Your Balance →