How much did HECS go up in 2026?
Updated 2026-10-15 · Australia
Short answer
HECS-HELP debts were indexed by 2.8% on 1 June 2026, after 3.2% in 2025. Indexation is applied once a year to the balance you owe on 1 June. A $25,000 balance went up by about $700. Indexation is now based on the lower of CPI or the Wage Price Index.
Recent indexation rates
| Applied 1 June | Rate |
|---|---|
| 2026 | 2.8% |
| 2025 | 3.2% |
| 2024 | 4.0% (recalculated from 4.7%) |
| 2023 | 3.2% (recalculated from 7.1%) |
Work out your increase
Balance on 1 June (after any voluntary repayments credited before then) × 2.8% = the amount added. For example $25,000 × 0.028 = $700.
Track it with your other debts
HECS belongs in your net worth as a debt. Sorted Budget's Net Worth tab has a HECS-HELP line and a 12-month chart.
Frequently asked questions
When is HECS indexed?
On 1 June each year.
Is HECS indexation based on CPI?
It's now the lower of CPI and the Wage Price Index, according to the ATO.
Sources
Last checked 2026-10-15.