Loan fee

Description

The loan fee for a unit of study

Format

Code category
Element (E)
Element #
529
Element Type
Decimal
Width
7(2)
Version Revision Date
Version
6.00
Years version active
2021
2022

Additional Information

Amounts 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.