HECS (1 Viewer)

[typingtimtam]

So I filled out the form as part of enrolling but then what? How do I check my balance? Or how do I even know its worked? And where do you make repayments? I'm so confused

 

[OzKo]

So I filled out the form as part of enrolling but then what? How do I check my balance? Or how do I even know its worked? And where do you make repayments? I'm so confused

1) You should be all set-up provided you included all the relevant information (including TFN) during your application.

2) Your uni should send you a statement each semester on behalf of the Commonwealth Government. This breaks down the outstanding balance, and how much each unit cost. You can get this information from the ATO as well.

3) Payments are taken out of your taxable income if you make $53,345 (2014/15) or more for a given financial year. If you want to pay outside of this process, you can as well.
http://studyassist.gov.au/sites/studyassist/payingbackmyloan/loan-repayment/pages/loan-repayment

 

[Sambam429]

Thanks that's really helpful!