Report On The HELP Receivable For 2024-25

Written by Claude Haiku 4.5 from the extracted text on 27 Feb 2026. It can miss or misread redacted and scanned pages. Check the source before relying on it.

The Australian Government Actuary provided the Department of Education with estimated HELP receivables for the 2024-25 financial statements, totalling $54,254.741 million as at 30 June 2025—an increase of $2,318.282 million from the previous year. The assessment utilised an annual roll-forward model incorporating legislated measures as at 30 June 2025, with reconciliation against Australian Taxation Office certificates and prior-year results. A significant factor was the changed yield curve, which reduced the discount rate from 4.47% to 4.34% per annum, increasing the receivable by $507 million. The correspondence notes that announced but not-yet-legislated Government changes to reduce outstanding debt by 20% and introduce a marginal repayment system were excluded from the analysis. For the first time, VET Student Loans and VET FEE-HELP receiv