Posts Tagged "HECS"
-
Everything You Need to Know About Your Australian Student Loan and the 20% Reduction
Posted on November 21st, 2025 by Jacob Goodwin
If you’ve got a student loan in Australia, you may have heard that the government has introduced a one-off 20% reduction on education loans, alongside new fairer repayment rules.
Here’s what you need to know.
What’s Changing?
Anyone with an outstanding student loan as at 1 June 2025 will have their balance cut by 20%. This applies to:HELP loans (HECS-HELP, FEE-HELP, OS-HELP, SA-HELP, STARTUP-HELP)
VET Student Loans
Australian Apprenticeship Support Loans
Legacy schemes like the Student Financial Supplement Scheme.Do You Need to Do Anything…