HECS-HELP (student loan)
A government study loan you repay through the tax system.
HECS-HELP is the Australian government loan that covers your university tuition. It’s interest-free but indexed to inflation each year. You start repaying once your income passes a set threshold, at a percentage that rises with income — collected automatically through the tax system, a bit like extra tax.
Grounded in ATO guidance. General information, not tax advice.
Related terms
Marginal tax rate
The tax rate on your next dollar of income.
PAYG (Pay As You Go)
Paying tax through the year rather than in one lump.
Superannuation guarantee (SG)
The compulsory super employers pay on top of wages.
Salary sacrifice
Redirecting pre-tax salary into super or a benefit.
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