Higher Education Loan Program (HELP) debt time is running out
by Hillyer Riches - your Melbourne Accountants
Do you have a Higher Education Loan Program (HELP) debt?
From 1 January 2012, the government is changing the HELP voluntary repayment bonus, applied to payments of $500 or more, from 10% to 5%.
To take advantage of the 10% bonus, you will need to ensure your voluntary repayments are paid on or before 31 December 2011. To ensure payments are received in time, you should check with your financial institutions for processing deadlines.
For more information, refer to Higher Education Loan Program - voluntary repayments.
Source: ATO eLink48/2011
