Income TaxAug 22, 2025
What are the HECS-HELP repayment thresholds and rates for 2024-25?
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AI-Assisted Answer
If you have a HECS-HELP, VSL, or other study or training support loan, compulsory repayments are calculated based on your repayment income (taxable income plus any net rental losses, fringe benefits, and other adjustments). For the 2024-25 financial year, the minimum repayment threshold is A$54,435.
Below are the key repayment tiers:
| Repayment Income | Repayment Rate |
|---|---|
| Below A$54,435 | No repayment required |
| A$54,435 - A$62,850 | 1.0% |
| A$62,851 - A$66,620 | 2.0% |
| A$66,621 - A$70,618 | 2.5% |
| A$70,619 - A$74,855 | 3.0% |
| A$74,856 - A$79,346 | 3.5% |
| A$79,347 - A$84,107 | 4.0% |
| A$84,108 - A$89,154 | 4.5% |
| A$89,155 - A$94,503 | 5.0% |
| A$94,504 - A$100,174 | 5.5% |
| A$100,175 - A$106,185 | 6.0% |
| A$106,186 - A$112,556 | 6.5% |
| A$112,557 - A$119,309 | 7.0% |
| A$119,310 and above | 7.5% |
Important points:
- The repayment rate applies to your entire repayment income, not just the amount above the threshold
- Repayments are collected through the tax system when you lodge your return
- Your employer may also withhold additional amounts from your pay if you report your HECS-HELP debt
- HECS-HELP debts are indexed on 1 June each year based on the Consumer Price Index (CPI), capped at the lower of CPI or the Wage Price Index
- You can make voluntary repayments at any time to reduce your balance
Sources
hecs-helpstudent-loanrepayment2024-25australia
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Disclaimer: This information is for general educational purposes and is not professional tax advice. Tax situations vary. Consult a qualified tax professional for advice specific to your circumstances.