FEE-HELP is an Australian Government loan scheme that covers the cost of your tuition fees on your behalf. FEE-HELP is available to students who are not studying in a Commonwealth supported place (and are therefore not eligible for HECS-HELP).
You must meet the following requirements to be eligible for FEE‑HELP:
Eligible students can borrow up to the FEE‑HELP limit, which for 2018 is $104,440 for most students. For students undertaking medicine, dentistry, and veterinary science courses the FEE‑HELP limit is $150,000. The limit will be the same for all loan types as detailed under the 2018 Student Loan Sustainability Bill.
The FEE‑HELP limit is the total amount available to eligible students under the FEE‑HELP, VET Student Loans, and VET FEE‑HELP loan schemes. It is a lifetime limit and is not reset or ‘topped up’ by any repayments that you make.
There is no interest charged on FEE-HELP debts, however it is subject to indexation, which means the loan maintains its real value by adjusting in line with changes in the cost of living. There is also a loan fee of 25 per cent for FEE‑HELP loans for undergraduate courses. The loan fee does not count towards your FEE‑HELP limit.