Element E529 - Loan fee
Description
The loan fee for a unit of study
Input Packets
Packets/Groups it appears in:
Showing 0 of 8.
Validations
Showing 0 of 12.
Format
| Code category | Element (E) |
|---|---|
| Element # | 529 |
| Element Type: | Decimal |
| Width: | 7(2) |
| Version Revision Date: | |
| Version: | 6.00 |
| Years version active: | 2021, 2022 |
Allowable Values
NILAmounts for exempt students and overseas students need to be reported as 0.
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
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).
Note: To find out how to calculate element 529 for pre-2012 student data please refer to the glossary term: 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).
Note: To find out how to calculate element 529 please refer to the glossary term: Calculating loan fees.
TCSI Support Change History
| Revision Data | Change Details | Change Reason |
|---|---|---|
| 2017-09-18 | Update to coding notes |
For clarification on the calculation and coding of loan fee |
Summary
Element 529 was included as part of the Higher Education Student data collection under the new policy and program initiatives introduced under the Opens in a new window: Higher Education Support Act 2003 (HESA) which was implemented in 2005.
The element was included in the VET FEE‑HELP data collection in 2009.
There have been updates and additions to coding notes since to reflect policy changes.
Table 1. Change control information with links to relevant versions 1
| First year version applied | Last year version applied | Version | Change | Reason for change | Notice date | Issue date |
|---|---|---|---|---|---|---|
| 2021 | Current | 5.00 | Incremental version number applied. | A new version number is applied to mark the transition from the Higher Education Information Management System (HEIMS) to the Tertiary Collection of Information (TCSI). | 3 Jul 2020 | 3 Jul 2020 |
| 2018 | 2020 | 5.00 | Update to coding notes | For clarification on the calculation and coding of loan fee | 18 Sep 2017 | 18 Sep 2017 |
| 2015 | 2017 | 4.00 | Re‑format document to conform with the department's application upgrade | Ministerial Notice document system upgrade | 22 May 2014 | 22 May 2014 |
| 2013 | 2014 | 3.10 | Addition of coding notes | For clarification | 14 Feb 2012 | 18 Dec 2012 |
| 2012 | 2012 | 3.00 | New versioning applied to data elements | No change in requirements - Implementation of new document management system. | 11 Mar 2011 | 11 Mar 2011 |
| 2010 | 2011 | 1.40 | Addition of coding note to reflect new policy for OS‑HELP loans allocated from 1 January 2010 (applicable to Higher Education Providers only) | New policy initiative | 30 Nov 2009 | 30 Nov 2009 |
| 2009 | 2009 | 1.30 | Addition of coding notes of VET input files; and change to element description and code meanings to accommodate use by VET providers | Introduction of VET FEE‑HELP | 05 Dec 2008 | 05 Dec 2008 |
| 2006 | 2008 | 1.20 | Addition of coding note: The loan fee charged for an OS‑HELP student is only to be reported on the OS‑HELP File. | Clarification | 18 Dec 2006 | 18 Dec 2006 |
| 2005 | 2005 | 1.10 | Conversion to new data requirements database | Conversion to new data requirements database | 09 Dec 2004 | 14 June 2005 |
| 2005 | 2005 | 1.00 |
|
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09 Dec 2004 | 09 Dec 2004 |
| Pre‑HESA: There is no earlier version of this element. | ||||||
Note 1: A version of an element can be associated with one or more reporting years. Where there are multiple versions applicable to a reporting year, only a link to the latest version is provided.
