Glossary of Financial Terms
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Band: Ranges of student contribution amounts based on the classification of an individual course of study.
Bonus: An extra reduction in your debt of 10% of the value of voluntary repayments of $500 or more in payment of your HELP debt to the Tax Office.
CAN see Commonwealth Assistance Notice
Census date: Deadline for various requirements, including: submission of your Request for Commonwealth support and HECS-HELP form; submission of your Request for FEE-HELP Assistance; payment of any up front payment of your student contribution; obtaining a HECS-HELP loan; supplying your TFN.
Commonwealth contribution: Australian Government's contribution towards the cost of your higher education paid directly to your University.
Commonwealth supported student: A student who occupies a Commonwealth supported place.
Compulsory repayments: Repayments made towards your Higher Education Loan Program (HELP) debt once your repayment income exceeds the minimum threshold for compulsory repayment.
Continuing student: A student who commenced their program of study before 1 January 2010.
Course: At UniSA, a course is the basic component of an academic program. A course is identified by a course name (eg Chemistry 101) and an 'area and catalogue number' (eg CHEM 1007). A course is sometimes referred to as a subject.
Course classification: The allocation of a course to a funding cluster.
EFTSL see Equivalent Full-time Student Load
FEE-HELP: A loan scheme to help eligible domestic fee paying students pay their tuition fees.
Fee paying place: A place that is occupied by a fee paying student. It is also known as a non-Commonwealth supported place.
Funding cluster: A classification used to determine the amount of funding a University receives from the Australian Government for Commonwealth supported courses of study. Each cluster is funded at a different rate.
HECS-HELP: Assistance available under HELP that provides a discount facility and loan option to help eligible Commonwealth supported students pay their student contribution amount.
HECS-HELP benefit: A reduction in accumulated HELP debt or compulsory repayments depending on eligibility.
HECS-HELP discount: A 10% discount available to students (who are eligible for HECS-HELP) when they pay $500 or more of their student contribution up front to their University.
HECS-HELP loan: A loan available to students (who are eligible for HECS-HELP) for up to the full amount of their student contribution amount. The loan is repaid through the taxation system.
HELP see Higher Education Loans Program
HECS see Higher Education Contribution Scheme
HESA see Higher Education Support Act 2003
Higher Education Loans Program (HELP): A loan program to help eligible students pay their student contributions (HECS-HELP), tuition fees (FEE-HELP) and overseas study expenses (OS-HELP) and, if applicable, their student services and amenities fee (SA-HELP). SA-HELP is subject to the passage of legislation. These loans are then repaid through the taxation system. Income year Financial year, ie. 1 July - 30 June
Pre-2008 student: A Commonwealth supported student who commenced their program before 1 January 2008.
Pre-2009 student: A student who commenced their program before 1 January 2009.
Pre-2010 student: A Commonwealth supported student who commenced their program before 1 January 2010.
Program: A program is a combination of courses undertaken during university study to obtain a degree, certificate or diploma. This can include non-award programs or enabling programs. It is the primary award in which a student is enrolled eg Bachelor of Engineering, Master of Business, or Doctor of Philosophy.
Range: A range that applies to each student contribution band that has a maximum amount your University can charge you when calculating your student contribution amount.
Re-credit: A provision to reimburse your SLE, remove your HECS-HELP debt and refund any up front payments for a course of study where special circumstances apply.
SA-HELP: A loan available to students (who are eligible for SA-HELP) for up to the full amount of their Student Services and Amenities Fee (SSAF). The loan is repaid through the taxation system.
SLE see Student Learning Entitlement
SSAF: see Student Services and Amenities Fee
Student contribution: The amount that you will have to contribute for your study in a Commonwealth supported place.
Student Learning Entitlement (SLE): The number of years a student can access commonwealth assistance to study. This is usually seven years unless the program takes more than five years of full-time study to complete. SLE was abolished from 1 Jan 2012 and therefore only applies to studies 2005-2011.
Student Services and Amenities Fee (SSAF): The fee is designed to improve non-academic services for students, such as recreational activities, employment assistance, financial or legal advice, child care, and food catering, through increased funding.
TFN see Tax File Number