From 1 January 2020, a combined HELP loan limit will replace the FEE-HELP limit and will also include HECS-HELP, VET FEE-HELP and VET Students Loans. The combined HELP loan limit is a cap on what you can borrow from the Australian Government to cover the costs of your tuition fees.
Any existing FEE-HELP, VET FEE-HELP or VET Student Loans taken out prior to 2020 will count towards your new HELP balance. Any previous HECS-HELP debts will not be included in the HELP loan limit. Only new HECS-HELP loans incurred from 1 January 2020 will be counted towards the limit.
The combined HELP limit is a renewable limit. What this means is you can top up your HELP loan balance by making repayments on your debt. Any compulsory or voluntary repayments can be re-borrowed in the future, up to the current HELP loan limit.
For 2020, the HELP loan limit is $106,319 for most students.
The limit for students studying medicine, dentistry and veterinary science courses will be $152,700.