The loan fee that is charged to a FEE-HELP undergraduate student, OS-HELP student or a VET FEE-HELP student
|Element name:||Loan fee|
|Units:||Numeric, right justified, with leading or trailing zeros if needed|
|00000000||No loan fee to be charged|
|00000001 to 99999999||Loan fee amount, including cents|
Amounts for exempt students and overseas students need to be reported as 00000000.
Values less than 10000000 must have leading and trailing zeros, NOT spaces. For example, $585 is to be expressed as “00058500” and $585:45 is to be expressed as “00058545”.
Higher Education providers only:
Calculating the loan fee
If the value for E490 is 230, 231, 232 or 240 then record in the Course of study file with matching E307 (Course code) and year must have E310 (Course of study type code) = 08, 09, 10, 13, 20, 21, 22 or 41 then the value for E529 (Loan fee) must be 25% (applied to census dates on or after 1 January 2012 or 20% (applied to census dates prior to 1 January 2012) of the E558 (HELP debt).
The loan fee charged to an OS-HELP student is only to be reported on the OS-HELP File.
VET providers only
If the value for E490 is 401 or 402, then the value for E529 (Loan fee) must be 20% of the E558 (HELP debt).
Please refer to the Glossary for further information about terminology used in this document.
Higher Education Student:
- OS HELP (OS) & Revised OS HELP (RO)
- Student Load Liability (LL) & Revised Student Load Liability (RL)
- VET Student Load Liability (VLL) & Revised Student Load Liability (VRL)
Details of all versions of this data element can be found on its supporting information page.
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