Your HELP debt often seems like a heavy weight around your neck, especially when your uni days seem like a lifetime ago and you’re keen to take your next step in life. You keep throwing money at it but unless you’re an avid spreadsheet Ninja, like Mandy in our accounts department, you often have no idea what your HELP debt balance actually is.
So, let’s pull back a bit of control and get you up to speed with your HELP debt balance.
There are 3 simple ways to see how much you still need to pay and, just as importantly, how much you’ve already smashed off the total!
3 easy ways to get your HELP debt balance
1. Contact your tax agent
Tax agents, like our friendly bunch here at Etax, will happily get a balance of your HELP account from the ATO, for you, along with the information in you Income Statement
As part of our tax return service, we also work out your compulsory HELP repayment amount on your annual tax return to keep that part of your repayment simple. If you get at all confused by this, send us a message or hop onto live chat while you’re logged into your Etax Account.
2. View the balance online
If you have a myGov account already linked to the ATO, log in and view any government loans currently in your name. This includes your HELP Debt Balance or any other loan you have deferred for payment via the tax system.
3. Contact the ATO yourself
If you prefer, you can call the ATO on 13 28 61 between 8:00am and 6:00pm, Monday to Friday. They can provide details about your HELP Debt account. But be prepared for a long wait on hold. We recommend a coffee and a good cat video to while away the time. :)
So there you have it. Getting your HELP debt balance isn’t so tricky after all – especially if you go through a tax agent!
Want to pay down your HELP debt faster? Going overseas?
Read our other HELP debt and tax guides:
Please don’t hesitate to contact us on [email protected] or by logging into you account if you have any questions about your HELP debt.