Bachelor of Music
Am I eligible for FEE-HELP?
If you meet the citizenship and residency requirements.
A, You must be either: an Australian citizen who will complete at least one unit of your course of study in Australia
B, NZ SCV holder who meets the long-term residency requirements and who is resident in Australia for the duration of your study
Will I be charged interest?
There is no interest charged on your HELP debt but indexation will be applied to the portion of your debt that is 11 months or older on 1 June each year. Due to COVID-19, this interest fee is now waived.
How much will my loan repayments be?
The amount you repay each year is calculated as a percentage of your world-wide income. The more income you earn, the higher your repayments will be. You only start paying back your loan if worldwide income reaches $46.620 annually.
Table below shows the repayment rate based on your annual income:
Repayment income Repayment % rate
Below $46,620 Nil
$46,620 - $53,826 1.0%
$53,827 - $57,055 2.0%
$57,056 - $60,479 2.5%
$60,480 - $64,108 3.0%
$64,109 - $67,954 3.5%
$67,955 - $72,031 4.0%
$72,032 - $76,354 4.5%
$76,355 - $80,935 5.0%
$80,936 - $85,792 5.5%
$85,793 - $90,939 6.0%
$90,940 - $96,396 6.5%
$96,397 - $102,179 7.0%
Further information on FEE-HELP click here