FEE-HELP is an Australian Government loan scheme that covers the cost of your tuition fees on your behalf. FEE-HELP is available to students who are not studying in a Commonwealth supported place (and are therefore not eligible for HECS-HELP).
You must meet the following requirements to be eligible for FEE‑HELP:
Eligible students can borrow up to the FEE‑HELP limit, which for 2017 is $100,879 for most students. For students undertaking medicine, dentistry, and veterinary science courses the FEE‑HELP limit is $126,101.
The FEE‑HELP limit is the total amount available to eligible students under the FEE‑HELP, VET Student Loans, and VET FEE‑HELP loan schemes. It is a lifetime limit and is not reset or ‘topped up’ by any repayments that you make.
There is no interest charged on FEE-HELP debts, however it is subject to indexation, which means the loan maintains its real value by adjusting in line with changes in the cost of living. There is also a loan fee of 25 per cent for FEE‑HELP loans for undergraduate courses. The loan fee does not count towards your FEE‑HELP limit.