HECS-HELP Repayment Calculator 2026–27
Updated for the 2026–27 income year (1 July 2026 – 30 June 2027)
See your compulsory HELP repayment for 2026–27 under the new marginal repayment system, and roughly how long it will take to pay off your study loan. Free, no sign-up. Nothing leaves your browser.
Payoff projection
| Year | Income | Repaid | Indexation | Balance |
|---|
2026–27 HELP repayment rates
| Repayment income | Compulsory repayment |
|---|---|
| Up to $69,528 | Nil |
| $69,529 – $129,717 | 15c for each $1 over $69,528 |
| $129,718 – $186,050 | $9,028 plus 17c for each $1 over $129,717 |
| $186,051 and over | 10% of total repayment income |
Frequently asked questions
What is the HELP repayment threshold for 2026–27?
$69,528. You repay 15 cents for each dollar of repayment income above $69,528 up to $129,717, then $9,028 plus 17 cents per dollar up to $186,050. Above that you repay 10% of your total repayment income.
What changed with HECS repayments?
From 2025–26 repayments are worked out only on income above the threshold (a marginal system), instead of a percentage of your whole income. This means most people repay less each year than under the old system.
Is HELP debt indexed?
Yes. Outstanding balances are indexed each 1 June by the lower of CPI or the Wage Price Index. Balances were also cut by 20% on 1 June 2025.
Can I make voluntary HELP repayments?
Yes, any time through myGov or BPAY. Voluntary payments made before 1 June reduce the balance before indexation is applied.