How it works
Through FEE-HELP, the Australian Government pays some or all of your tuition fees to Swinburne on your behalf.
If you don't want to or can't pay for your full-fee paying course up-front, a FEE-HELP loan allows you to pay back 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 amount, you can make additional voluntary repayments to the ATO.
You must supply your Tax File Number (TFN) when you apply. If you fail to either pay your fees in full up-front or apply for a FEE-HELP loan and supply your TFN by the census date, your enrolment will be cancelled.
The outstanding balance of your FEE-HELP loan will increase each year with the Consumer Price Index (CPI).
A loan fee of 25% is added to FEE-HELP loans for undergraduate students. So the amount you need to pay back will be 25% more than the cost of your course. This 25% loading does not apply to postgraduate students.
You will also need to pay the Student Services and Amenities Fee (SSAF). This is billed each teaching period and compulsory for all local undergraduate and postgraduate students. The SSAF is calculated based on your course load up to a maximum of $290.
The SSAF is not covered by your FEE-HELP loan. If you need financial assistance to cover this cost, you can also apply for a SA-HELP loan.