From 1 January 2020, there will be a combined HELP loan limit introduced. The combined HELP loan limit is a cap on what you can borrow from the Australian Government to cover the costs of your tuition fees. The HELP loan limit will increase annually inline with the Consumer Price Index (CPI).
In 2020 the HELP loan limit will be $106,319 for most students. The limit for students studying medicine and (subject to passage of legislation) some aviation courses will be $152,700.
From 1 January 2020, you can top up your HELP loan balance by making repayments on your debt. You cannot increase your HELP loan limit, however any repayments you make on your HELP debt will credit your available HELP balance, up to your applicable HELP loan limit.
HECS-HELP accumulated prior to 1 Jan 2020, SA-HELP and OS-HELP will not be included in the new combined HELP loan limit, however, they will continue to remain as part of the overall HELP debt.
You can use your CHESSN to log in to MyUniAssist and monitor your usage.
If you don’t have enough HELP balance remaining for your studies, you will be required to pay upfront fees.
Subject to the passage of legislation, from 1 January 2020 students undertaking eligible aviation courses of study will have access to the higher combined HELP loan limit. The loan limit amount in 2020 will be $152,700.