An Anonymised List Of The Largest 50 HECS-HELP Balances As At 1 October 2024.
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The ATO released an anonymised list of the 50 largest HECS-HELP loan balances as at 1 October 2024, ranging from $831,675.53 to $259,682.20. The disclosure includes contextual information on HELP loan limits introduced in 2020, which cap borrowing at $121,844 for most students and $174,998 for medicine, dentistry, veterinary science, and eligible aviation students. The document notes that most high balances were accumulated before the loan limit policy commenced, as debts with a census date prior to 1 January 2020 remain exempt from the cap. This operational record provides insight into outlier HECS-HELP accounts and the effect of policy changes on student debt accumulation.
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