Key Points
- A HELP loan defers your tertiary course fees until you find a job.
- You wont start paying off your loan until your income reaches $51,550 a year.
- To be eligible you must be an Australian citizen or hold specific visa or residency status.
- Unpaid HELP debts grow in line with the Consumer Price Index.
When enrolling in higher education, youll need to make payment arrangements for your courses.
Some students are able to pay their course fees upfront to avoid debt, but most opt for a government loan to cover tuition fees. This government loan program is called the Higher Education Loan Program or HELP.
Types of HELP
There are five specific HELP schemes, with HECS-HELP and FEE-HELP being the most common.
According to Stephanie…
Read the full article at: https://www.sbs.com.au/language/english/en/podcast-episode/are-you-eligible-for-the-higher-education-loan-program/6xg1lrvvp