Guides
HECS-HELP, explained
Short, current explainers on the decisions facing every Australian with HECS-HELP debt. Updated against ATO and StudyAssist primary sources.
Should I pay HECS early in 2026?
The honest answer for 2026: usually no. At 2.80% indexation versus 5.50% high-interest savings, most Australians lose money paying HECS down early. Here's when the answer flips.
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HECS indexation 2026 explained: 2.80% on 1 June
On 1 June 2026, every HECS-HELP balance grows by 2.80%. Where that number comes from, why it's the lowest in 5 years, and what it means for your repayment decision.
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HECS repayment vs high-interest savings: which wins in 2026?
At 2.80% indexation and 5.50% savings rates, Australian high-interest accounts beat HECS repayments after tax for most income brackets. The exact math, with break-even thresholds by tax rate.
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The new marginal HECS repayment system (FY 2025-26 onwards)
From 1 July 2025, HECS compulsory repayments are calculated marginally — you only pay on income above $67,000. Full bracket table, worked examples, and how it changes the early-repayment math.
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Voluntary HECS repayment cut-off for June 2026 indexation
The ATO recommends voluntary payments clear by 26 May 2026 to count before 1 June indexation. Why the cut-off exists, what happens if you miss it, and the BPAY codes that get there fastest.
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