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In my view whatever works for you is good. Minimum repayments are a function of your income... The more you earn the quicker you pay , assuming no voluntary payments.

The former tax accountant in me couldn't help it... Investment loss incl rental loss gets added back to taxable income when calculating HELP debt repayments.

I think nhg was referring to his salary of $100K. I am surprised that kind of salary didn't make a difference to HELP debt of $50K. At 100K salary (net of super), one would be paying around 8% per annum Even if you assume that $100K includes superannuation, then you would be making 7%...

No, never made extra repayments. Though would have been worthwhile if we did. We are pleased we are over and done with it. I had about 22 - 25K for a 3 year commerce degree. I think it also depends on when you started uni. I started the year before a whole bunch of changes came in place...

That is heaps! Is that due to a 4 year degree. Did you complete masters? I did a 3 year degree and had about 22-25K from memory.

How does this work? I am curious to know. We paid of our HECS a few years ago now.