The 2018 Student Loan Sustainability Bill introduced a combined HELP loan limit that will apply from 1 January 2020.
The combined HELP loan limit will replace the FEE-HELP limit and will include HECS-HELP and FEE-HELP.
Only new HECS-HELP borrowing will count towards a person's HELP limit. This means that any HECS-HELP loans taken out before 2020 will not count towards the new HELP limit.
For 2020, the combined HELP loan limit will be $106,319 for most students. For students undertaking medicine, dentistry and veterinary science courses, the HELP loan limit will be $152,700.
From the 2019-2020 income year, repayments made towards HELP loans will top up your HELP balance.
Any compulsory or voluntary repayments can be re-borrowed in the future, up to the then current HELP loan limit.