From 1 January 2017, 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 5 per cent.
Removal of the 10% HECS-HELP discount
You can still get the HECS-HELP discount for units that have a census date on or before 31 December 2016. For more information about upfront payments and the HECS-HELP discount, visit the Study Assist website.
Removal of the 5% voluntary HELP repayment
Current arrangements still apply for voluntary repayments made to the ATO which are processed by 31 December 2016. For more information, visit the Study Assist website or the ATO website.
Eligible students can check their Official Communications channel for more details.