thread: Discount for voluntary payments of HECS being scrapped?

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  1. #1
    Registered User

    Dec 2009
    92

    This seems to be true. You won't get a bonus for paying upfront, or for extra voluntary repayments on your existing debt:

    Subject to the passage of legislation, from 1 January 2014, the Australian Government will remove the upfront HECS-HELP discount of 10 per cent for eligible students that pay their student contributions upfront and the voluntary HELP repayment bonus of five per cent.

    Changes to the HECS-HELP discount and voluntary repayment bonus - Study Assist

  2. #2
    Registered User

    Dec 2009
    92

    The previous change was in 2012 and dropped the voluntary repayment bonus from 10% to 5%: Changes to voluntary repayments - Study Assist