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Hecs Help Benefit

By Abby Hinchcliffe

There are currently HECS-HELP benefits available to people who have completed study in math, science, education and nursing from 30 June 2008 and are currently working in eligible occupations.

Recent graduates that are eligible may be entitled to reduce their HELP debt annually up to the following amounts.

It is possible for one to receive more than one of these benefits annually, and benefits relating to the 2013 financial year may be claimed for applications submitted by 30 June 2015.

 

Income year Early childhood education teachers (working in eligible regions) Maths or science graduates Education and nursing (including midwifery) graduates
2014–15 $1,878.93 $1,761.49 $1,761.49
2013–14 $1,831.32 $1,716.85 $1,716.85
2012–13 $1,795.41 $1,683.19 $1,683.19
2011–12 $1,744.81 $1,635.75 $1,635.75
2010–11 $1,693.99 $1,588.11 $1,588.11
2009–10 $1,662.40 $1,558.50 $1,558.50
2008–09 $1,600 $1,500 Not applicable

 

Here is a link if you are interested in finding out more about this benefit.

https://www.ato.gov.au/Individuals/Studying-and-student-debt/In-detail/HECS-HELP-benefit/HECS-HELP-benefit—Overview/?page=1#Overview

It is well worth reading through and noting the eligible occupations (found from page 12 of the General Information document that can be found in the above link) and reviewing if these benefits may apply to your particular situation.

If you would like to speak to someone about these benefits in further detail, please call TNR today on 02 6621 8544.