A deep dive into whether you should pay off your HECS-HELP debt early or invest. We analyse the 2025 government reforms, opportunity cost, and the impact on home loans.. What happens to my HECS-HELP debt when I retire? Your HECS-HELP debt is treated the same after you retire. If your retirement income is under the repayment threshold, you won't need to worry about compulsory payments. For more information about paying your HECS-HELP debt, check out StudyAssist .
The best way to pay off your HECS early is to leave your HECS repayment money in a high interest savings account and then pay off your HECS before the 1st of June each year.. Discover effective strategies to pay off HECS-HELP debt early, including increasing voluntary repayments, managing thresholds & using reductions.