Australian Student Loan Calculator

Calculate HELP and VET Student Loan repayments

How to Use How It Works

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Loan Type

HECS-HELP - Commonwealth Supported Places

FEE-HELP - Full-Fee Paying Places

VET Student Loans - Vocational Education

Basic Loan Information

Outstanding Loan Balance (AUD)

Indexation Rate (%)

FY 2025-26 rate: 3.2% (published June 1, 2025)

AASB 9 Financial Instrument Details

Origination Fees

AASB 9: Initial recognition costs that are added to the carrying amount

ECL Allowance Rate (%)

AASB 9: Expected credit loss allowance for impairment

Income Information

Annual Income (AUD)

Repayment Threshold (AUD)

FY 2025-26 threshold: $67,000 (updated annually)

Years Since Graduation

Repayment Rate (Auto-calculated)

FY 2025-26 rates: 1% ($67,000-$74,837), 2% ($74,838-$78,726), 2.5% ($78,727-$82,613), 3% ($82,614-$86,500), 3.5% ($86,501-$90,387), 4% ($90,388-$94,274), 4.5% ($94,275-$98,161), 5% ($98,162-$102,048), 5.5% ($102,049-$105,935), 6% ($105,936-$109,822), 6.5% ($109,823-$113,709), 7% ($113,710-$117,596), 7.5% ($117,597-$121,483), 8% ($121,484-$125,370), 8.5% ($125,371-$129,257), 9% ($129,258-$133,144), 9.5% ($133,145-$137,031), 10% ($137,032+)

Voluntary Repayments

Annual Voluntary Repayment

Voluntary Repayment Bonus (%)

Additional Information

Loan Fee (%)

Years to Repay

International Student? Click Here

Repayment Summary

Payoff Repayment (to clear loan in 15 years)

Annual Payoff Required: AUD 0
Monthly Payoff Required: AUD 0

This is the payment required each year to fully clear your loan in the selected term, including indexation. Compulsory repayments alone may not be enough.

Compulsory Repayment

Annual Repayment

Monthly Repayment

Loan Details

Outstanding Balance: $0
Indexation Rate: 0%
Repayment Threshold: $0
Repayment Rate: 0%

AASB 9 Amortized Cost Financial Instrument

Gross Carrying Amount: $0
Loss Allowance: $0
Carrying Amount: $0
After Prepayment: $0
Effective Interest Rate: 0%
Impairment Stage: Stage 1
Probability of Default: 0%
Loss Given Default: 0%

Repayment Information

Repayable Income: $0
Years to Repay: 0
Total Indexation: $0
Total Repaid: $0

Repayment Schedule
AASB 9 Schedule
Indexation Schedule

Year	Repayment	Indexation	Balance

Australia Student Loan Calculator: Your Guide to HECS-HELP

Understanding Student Loans in Australia

Student loans in Australia, primarily through HECS-HELP, help students finance their education. Our Australia Student Loan Calculator helps you estimate your repayments, understand indexation, and plan your debt management strategy.

Key Features of Australian Student Loans

HECS-HELP: Government loan scheme for eligible students.
Indexation: Your debt increases annually based on the Consumer Price Index.
Repayment Threshold: Repayments start when your income reaches a certain level.
Voluntary Repayments: Make extra payments to reduce your debt faster.
No Interest: Unlike other loans, HECS-HELP only has indexation, not interest.

How to Use This Calculator

Enter your loan amount, income, and repayment preferences to get an accurate estimate of your repayments. The calculator shows how indexation affects your debt and the impact of voluntary repayments.

Tips for Australian Students

Understand how indexation affects your debt over time.
Consider making voluntary repayments to reduce your debt faster.
Check your repayment threshold and rate based on your income.
Plan your repayments around your career goals and financial situation.
Keep track of your debt balance and indexation each year.

Why Use Our Calculator?

Accurate, up-to-date formulas for Australia
Includes indexation and repayment thresholds
Helps you plan your debt management strategy
Free, no registration required

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Student Loan Resources

Important Information: Disclaimer: This calculator is provided for general information only and does not consider your personal circumstances, income history, or financial situation. It is not financial advice. You should review your ATO statement and seek independent professional advice before making any decisions.
* We are not a lender, loan servicer, or financial advisor. This calculator is for informational purposes only and does not constitute financial advice. Rates, thresholds, and charges are subject to change. Actual repayments may vary based on your specific circumstances and current regulations.
AASB 9/IFRS 9 Compliance: This calculator implements AASB 9 Financial Instruments accounting standards for student loans using amortized cost measurement. The effective interest rate (EIR) is calculated using Newton-Raphson method to solve for the rate that equates contractual cash flows to the initial carrying amount. Loss allowances are calculated separately and not netted against the carrying amount. Results are illustrative and should not be used for financial reporting without professional accounting advice.
Australian Student Loan Considerations: Repayments are automatically deducted through the tax system. Indexation is applied annually on June 1st. Repayment thresholds are updated annually. Voluntary repayments over $500 receive a 10% bonus. No interest is charged on HELP loans.
Loan-Specific Information: HECS-HELP: No loan fee, indexation only. FEE-HELP: 20% loan fee, indexation applies. VET Student Loans: 20% loan fee, indexation applies. All loans use income-contingent repayment.
Important: All figures are estimates based on information you provide. Actual loan terms, rates, and thresholds will vary by individual circumstances. Always check with the ATO for your exact balance and repayment information.