Do you have clients with a Higher Education Loan Program (HELP) debt?
From 1 January 2012, the government is changing the HELP voluntary repayment bonus, applied to payments of $500 or more, from 10% to 5%.
To take advantage of the 10% bonus, your clients will need to ensure their voluntary repayments are received by us on or before 31 December 2011. To ensure payments are received in time, your clients should check with their financial institutions for processing deadlines.
As in previous years, we will close during the Christmas-New Year holiday period. We will be closed from noon 23 December 2011 until 8.00am 3 January 2012. If your clients need to confirm their payout amounts and payment reference numbers (PRN), they will need to phone us before 23 December on 13 28 61 between 8.00am and 6.00pm, Monday to Friday.
For more information, refer to HigherEducation Loan Program – voluntary repayments or contact Minsi Guo at the CABEL Partners office on 02 8071 0300.
