FEE-HELP Loan Fee Exemption
The Australian Government has further extended the FEE-HELP loan fee exemption until 31 December 2022. The exemption will be applied retrospectively for all units of study with census dates in 2022. This means that the loan fee amounts will be removed from student’s combined HELP debt statements for any units with a census date in 2022.
The FEE-HELP loan fee exemption will now expire on 1 January 2023. From this date the 20 per cent loan fee will begin to apply to most students who pay for their undergraduate courses with a FEE-HELP loan.
No action is required from students. Any FEE-HELP loan fee applied to a unit of study in 2022 will be automatically waived. These amounts will be removed on your ATO HELP debt statements. Please be patient as there is a large volume of loan fees and it may take several months for all removals to be processed.
Frequently Asked Questions:
Q. Do I need to do anything to have the loan fees waived?
A. No, the loan fees will be waived automatically. No action is required from students.
Q. There is still 2022 loan fee amounts listed on my HELP debt statement?/when will the loan fee be waived?
A. The removal of 2022 FEE-HELP loan fee amounts will be processed over the coming months. We thank you for your patience during this time.
Q. What about the indexation applied to the loan fee amounts?
A. Indexation is only applied to the part of an accumulated HELP debt that has remained unpaid for more than 11 months. No indexation relating to any FEE-HELP loan fee amounts for 2022 will have been applied this year.