What is the HELP (Higher Education Loan Program)?
The purpose of the HELP (Higher Education Loan Program) Calculator is to estimate the additional tax payable on the HELP loan balance as well as the CPI increase on the balance.
The calculator will allow you to calculate:
- Personal income tax for a range of financial years
- Medicare Levy and any additional surcharge
- HELP Compulsory Repayment Amount
- CPI Indexation Amount
- HELP Debt Payout Bonus
- HELP Debt Payout Figure
What does the HELP (Higher Education Loan Program) calculator not do?
- Will only calculate for one individual.
Disclaimer: The information from this calculator should be used as a guide only. The figures and formula used within this calculator may change at any time without notice.
No responsibility is accepted for any losses arising out of the use of or reliance on the conclusions reached by this calculator.
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