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| study music sydney australia bachelor university performance | |||||||
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Fee-Help |
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| What is FEE-HELP? FEE-HELP is a loan given to eligible fee-paying students to help pay part or all of their tuition fees. FEE-HELP began on 1 January 2005 and is available to all eligible fee-paying students. FEE-HELP Limit You can borrow up to the amount of the tuition fee being charged by AICM for your course. If you have already utilized FEE-HELP for previous studies, it is important to note the FEE-HELP limit (how much you can borrow) is indexed each year. A loan fee of 20% applies to FEE-HELP loans for undergraduate courses of study. The FEE-HELP limit does not include the loan fee. No loan fee applies to FEE-HELP loans for postgraduate courses. The Australian Government pays the amount of the loan directly to the student’s provider. Students repay their loan through the tax system once their income is above the minimum threshold for compulsory repayment. Compulsory repayments are made when you lodge your tax return and your HELP repayment income is above the minimum threshold, eg. $38,148 in 2006-07. Students are also able to contibute voluntary payments for HELP debts. |
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