All about HECS- HELP - just the facts!
Going to university can be an expensive exercise and most people aren’t able to pay their tuition fees up front. That’s why the Australian government runs a scheme called HECS HELP where some or all of your fees are paid for you in advance, and your loan in recorded with the Australian Taxation Office. When you graduate and begin earning above the minimum threshold, a percentage of your pay is discounted to go towards making loan repayments.
Thankfully, this complex process is automatically done for you. As part of your enrolment at uni every semester, you’ll have to provide your TFN (Tax File Number) and choose whether you want to set up a HECS HELP account. The rest is handled by the university and the government.
To be eligible for this scheme, you must be an Australian citizen or holder of a permanent humanitarian visa and a commonwealth-supported student. For more details, visit http://www.goingtouni.gov.au/Main/Quickfind/PayingForYourStudiesHELPLoans/HECSHELP.htm#1