2020 loan limitation modifications

What’s the combined HELP loan limitation?

The combined HELP loan limitation is just a limit about what it is possible to borrow from the Australian federal government to protect the expenses of the tuition costs. The assistance loan restriction will change the existing FEE-HELP restriction from 1 January 2020.

Just just What loans are contained in the limitation?

The assistance loan restriction shall consist of HECS-HELP, FEE-HELP, VET FEE-HELP and VET pupils Loans.

Whenever does it start?

The combined HELP loan limitation starts from 1 January 2020.

Do my past HELP or VSL debts count?

Yes. Current FEE-HELP, VET FEE-HELP and VET scholar Loan debts will over be carried and count towards your HELP loan restriction.

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Any past HECS-HELP debts won’t be contained in the HELP loan restriction.
From 1 January 2020 onwards, brand brand new HECS-HELP borrowing will count to the restriction.

What are the results to my FEE-HELP stability as well as the FEE-HELP limits?

On 1 January 2020, your FEE-HELP stability will end up your ASSIST balance.
On 1 January 2020, the loan that is FEE-HELP can be the HELP loan restrictions.

Exactly what are the HELP loan limit quantities?

For 2020, the assistance loan restriction is $106,319 for some pupils.
The restriction for pupils learning medication, dentistry and veterinary technology courses ultimately causing initial enrollment will likely be $152,700.

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