Go to top of page

529 Loan fee

Description

The loan fee for a unit of study or OS-HELP loan

Details

Version: 5.0
First year: 2018
Last year: -
Field name: LOAN-FEE
Element name: Loan fee

Code format:

Data Type: Numeric
Units: Numeric, right justified, with leading or trailing zeros if needed
Width: 8

Classification

CODE MEANING
00000000​ No loan fee to be charged​
00000001 to 99999999​ Loan fee amount, including cents​

Coding notes

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".

Amounts for exempt students and overseas students need to be reported as 00000000.

The loan fee charged to an OS-HELP student is only to be reported on the OS-HELP file.

The amount reported should reflect the correct value for this element at the time of reporting, and should reflect what the provider has told the student.

Higher Education only

Calculating the loan fee for a unit of study on or after 1 January 2012

If the student has a HELP debt for the unit of study then the value for element 529 (Loan Fee) must be 25% of element 558 (HELP Debt).

For information on how to calculate element 529 for pre-2012 student data please refer to the glossary - Calculating loan fees.

VET only

Calculating the loan fee for a unit of study

If the student has a HELP debt for the unit of study then the value for element 529 (Loan Fee) must be 20% of element 558 (HELP Debt).

Please refer to the Glossary for further information about terminology used in this document.

Input files

Higher Education Student:

  • OS‑HELP (OS) & Revised OS‑HELP (RO)
  • Student Load Liability (LL) & Revised Student Load Liability (RL)

VET Student:

  • VET Student Load Liability (VLL) & Revised Student Load Liability (VRL)

Change History

Details of all versions of this data element can be found on its supporting information page.


Return to top