Most local students studying an undergraduate degree in a Commonwealth Supported Place (CSP) as well as UniLink students can pay their tuition fees via a HECS-HELP loan.
How do HECS-HELP loans work?
Through HECS-HELP, the Australian Government pays some or all of your tuition fees to Swinburne on your behalf.
You don’t need to pay for your course up-front. You start repaying this loan to the Australian Government through the tax system once your taxable income is higher than the minimum repayment threshold.
The Australian Taxation Office (ATO) calculates your compulsory repayment for the year and includes this on your income tax notice of assessment. On top of the compulsory repayments, you can also make voluntary repayments to the ATO.
You must supply your Tax File Number (TFN) when you apply for a HECS-HELP loan. If you fail to pay your student contribution up-front (or defer it via HECS-HELP) or supply your TFN by the census date, your enrolment will be cancelled.
The outstanding balance of your HECS-HELP loan will increase each year with the Consumer Price Index (CPI).
HECS-HELP loans do not cover your Student Services and Amenities Fee (SSAF), which is compulsory for all local online and on-campus students and charged each teaching period.
SA-HELP loans are available if you need help paying your SSAF.
In each teaching period before the census date, you can:
- defer all and incur your HECS-HELP debt if you have supplied your Tax File Number
- pay your full student contribution amount owing for that teaching period
- pay part of your student contribution amount and the balance will accrue to your HECS-HELP debt.
You can pay by logging in to My Financials. Check your Statement of Account for the amount and choose your preferred payment method.