Calculating pre-2017 HECS-HELP debts

Calculating the HECS-HELP debt for a unit of study between 1 January 2012 and 31 December 2016

If the student makes a total upfront payment for all their HECS-HELP eligible units of study on a given census date of greater than or equal to $500 and less than 90% of the Amount Charged (E384), the value for the total HELP Loan Amount (E558) must equal the total Amount Charged (E384) – the total Amount Paid Upfront (E381) divided by 0.9 for all those units of study.

If the student makes a total upfront payment of less than $500 for all their HECS-HELP eligible units of study on a given census date, the value for the HELP Loan Amount (E558) must equal the Amount Charged (E384) – Amount Paid Upfront (E381).

Calculating the Unit of study HELP debt prior to 1 January 2012

If the student makes a total upfront payment for all their HECS-HELP eligible units of study on a given census date of greater than or equal to $500 and less than 80% of the Amount Charged (E384), the value for the total HELP Loan Amount (E558) must equal the total Amount Charged (E384) – the total Amount Paid Upfront (E381) divided by 0.8 for all those units of study.

If the student makes a total upfront payment of less than $500 for all their HECS-HELP eligible units of study on a given census date, the value for the HELP Loan Amount (E558) must equal the Amount Charged (E384) – Amount Paid Upfront (E381).