Description
The loan fee for a unit of study or OS-HELP loan
Details
| Version: | 5.0 |
|---|---|
| First year: | 2018 |
| Last year: | 2020 |
| Field name: | LOAN-FEE |
| Element name: | Loan fee |
Code format:
| Data Type: | Numeric |
|---|---|
| Units: | Numeric, right justified, with leading or trailing zeros if needed |
| Width: | 8 |
Classification
| CODE | MEANING |
|---|---|
| 00000000 | No loan fee to be charged |
| 00000001 to 99999999 | Loan fee amount, including cents |
Coding notes
Values less than 10000000 must have leading and trailing zeros, NOT spaces. For example, $585 is to be expressed as "00058500" and $585:45 is to be expressed as "00058545".
Amounts for exempt students and overseas students need to be reported as 00000000.
The loan fee charged to an OS-HELP student is only to be reported on the OS-HELP file.
The amount reported should reflect the correct value for this element at the time of reporting, and should reflect what the provider has told the student.
Higher Education only
Calculating the loan fee for a unit of study on or after 1 January 2012
If the student has a HELP debt for the unit of study then the value for element 529 (Loan Fee) must be 25% of element 558 (HELP Debt).
For information on how to calculate element 529 for pre-2012 student data please refer to the glossary - Calculating loan fees.
VET only
Calculating the loan fee for a unit of study
If the student has a HELP debt for the unit of study then the value for element 529 (Loan Fee) must be 20% of element 558 (HELP Debt).
Please refer to the Glossary for further information about terminology used in this document.
Input files
Higher Education Student:
- OS‑HELP (OS) & Revised OS‑HELP (RO)
- Student Load Liability (LL) & Revised Student Load Liability (RL)
VET Student:
- VET Student Load Liability (VLL) & Revised Student Load Liability (VRL)
Change History
Details of all versions of this data element can be found on its supporting information page.