Will I incur any additional costs when taking out a FEE-HELP loan?

Question:

Will I incur any additional costs when taking out a FEE-HELP loan?

Answer:

A loan fee of 25% applies to FEE-HELP loans for all undergraduate students only in Domestic Fee Paying courses.

The loan fee amount will be shown on your Commonwealth Assistance Notice (CAN), which you will receive after the unit census date. The loan fee does not count towards your FEE-HELP limit ($100, 879 in 2017).