HECS-HELP Debt Calculator

Estimate your total university degree cost and project future HECS indexation in Australia.

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HECS-HELP Debt Calculator

Currently sits around 4.7% (CPI-based).

Estimated Debt Upon Graduation

$53,718

Without indexation: $48,969

Added by indexation: $4,749

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Frequently Asked Questions

How is HECS-HELP debt indexed in Australia?

Your HECS-HELP debt is indexed annually on June 1st to maintain its real value in line with inflation, typically based on the Consumer Price Index (CPI).

Do I have to pay interest on my HECS debt?

No, the Australian government does not charge interest on HECS-HELP debt. However, it is subject to annual indexation which increases the total amount you owe.

When do I have to start repaying my HECS debt?

You start making compulsory repayments through the tax system once your repayment income exceeds the minimum repayment threshold for that income year.

What are the student contribution bands?

Units are grouped into bands based on the area of study. Band 1 is generally the cheapest (e.g., nursing, education) and Band 4 is the most expensive (e.g., law, commerce).