Free HECS/HELP Debt Calculator Australia
Estimate compulsory student loan repayments from your income, compare take-home pay with and without HECS, and see how long your debt may take to clear.
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HECS/HELP repayment calculation
Compulsory HECS/HELP repayments apply when your repayment income exceeds the annual threshold. Rates are marginal — you pay a percentage of repayment income, not only the amount above the threshold.
- Input your values using the fields above (numeric keypad on mobile).
- Results use precise floating-point arithmetic rounded for display.
- Refresh or change inputs and recalculate anytime.
Worked example above the threshold
- Enter your expected repayment income for the financial year.
- Compare against the current threshold (e.g. $67,000 in recent settings).
- Apply the matching repayment rate band.
- Estimate annual and per-pay-period withholdings.
Frequently Asked Questions
What is the HECS/HELP repayment threshold?
The current HECS/HELP repayment threshold is $67,000. If your repayment income is below $67,000, you make no HECS repayments that year.
How much HECS do I repay?
Repayments are a percentage of your repayment income once you are above the threshold. Rates rise in bands from 1% up to 10% at higher incomes.
Can I make voluntary HECS repayments?
Yes. You can make voluntary HECS/HELP repayments at any time via your ATO online account. There is no early-repayment bonus.
Does HECS debt affect my credit rating?
No. HECS/HELP debt does not appear on your credit report and does not affect mortgage credit scoring the way consumer debt does.
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