HELP loan amount

Description

The HELP loan amount for a unit of study or SA-HELP loan

Format

Code category
Element (E)
Element #
558
Element Type
Decimal
Width
7(2)
Version Revision Date
Version
7.00
Years version active
2021

Additional Information

If a student has no HELP loan for a unit of study then the value for element 558 (HELP Debt) must be "0". This includes exempt and overseas students.

If a student has a HELP loan for the unit of study then the value for element 558 (HELP Debt) must equal element 384 (Total Amount Charged) minus element 381 (Amount Paid Upfront).

For FEE‐HELP undergraduate courses and VET courses this must exclude the loan fee which is reported separately in element 529 (Loan fee).

Calculating the HECS‐HELP loan for a unit of study prior to 1 January 2017

The HECS‐HELP discount was discontinued from 1 January 2017. For information on how to calculate element 558 for a pre‐2017 Commonwealth supported student please refer to the glossary - Calculating pre-2017 HECS-HELP debts.