The Australian Government pays your tuition fees directly to Deakin and a HELP debt is recorded with the Australian Tax Office (ATO). You'll be issued with a Commonwealth Assistance notice (eCAN) each enrolled study period. This will detail any amount deferred to the ATO.
What is the HELP limit?
The HELP limit is the maximum amount that you can borrow over your lifetime. This excludes the loan fee of 20%, which is applied to FEE-HELP for undergraduate courses of study. Find out what the current HELP loan limit amount is on the StudyAssist website.
When do I make payments?
You pay back your loan when your taxable income reaches the compulsory repayment threshold. You can make payments directly to Deakin before the invoice due date. Alternatively, once the FEE-HELP debt has been reported to the ATO you can make voluntary repayments directly to them of any amount.
What happens if I suspend or transfer my studies?
If you temporarily suspend your studies, your FEE-HELP status will remain in place. If you transfer to another course, you'll need to complete a new FEE-HELP form.