More than three million Aussies with a higher education loan will be paying more when the second-highest indexation increase on record is applied from June 1. Unpaid HECS-HELP loans will jump by 4.7 per cent on Saturday, which is annually indexed to the consumer price index (CPI). It’ll mean moreContinue Reading
Graduates in Anthony Albanese’s inner-western Sydney electorate have some of the highest student debts in the country, but a Greens-held seat has topped the charts, new analysis has revealed ahead of annual indexation taking effect this weekend. Data from the Parliamentary Library, commissioned by the Greens, shows the average studentContinue Reading
Universities will be forced to cap numbers of overseas student enrolments as part of Labor’s efforts to ease pressures on Australia’s housing market and slash the migration intake ahead of the next election. The federal government will introduce new legislation to set limits for the maximum number of new internationalContinue Reading
Anthony Albanese’s plan to wipe $3 billion in HECS-HELP student debt for three million Aussies has left many asking the same question. “Can I get a refund for the HECS I’ve already paid in full?” one user wrote on X, echoing hundreds of similar comments across social media. Another wrote,Continue Reading
A tax credit is on the way for Aussies who scrimped and saved to pay off their student loan debt to avoid being hit by an eye-watering increase to indexation. The government is set to wipe about $3bn through a major change to the HECS and HELP loans in aContinue Reading
Almost three million Australians with a HECS debt have found out just how much their debt will increase this year. The indexation rate that will apply from June 1 was determined on Wednesday by the release of the latest quarterly inflation figure. It locked in an 4.7 per cent increase.Continue Reading
Students and recent graduates saddled with ballooning debts and those partaking in placements for subjects like teaching and nursing are in line for relief in the upcoming federal budget. Speaking to reporters in Canberra, Treasurer Jim Chalmers hinted at measures designed to ease education costs at a time of heightenedContinue Reading
Student debts are on track to have increased at least $12.3bn during Labor’s first three years of government, new analysis reveals, prompting an urgent call for action in next month’s budget. New Parliamentary Library projections prepared for the Greens show the indexation rate set to hit student debts on JuneContinue Reading
Drivers planning to purchase popular family car models including the Toyota Kluger and the Mazda CX-60 could be forced to fork out thousands more in taxes under changes announced to encourage motorists to take up more fuel efficient vehicles. While most cars are not currently subject to the Luxury CarContinue Reading
A refresh to how student debt is accumulated is required as part of an overhaul to Australia’s university sector, a report canvassing proposed reforms has declared. The Australian Universities Accord Interim Report, released on Wednesday, recommends revising student contribution amounts, payment for mandatory placements, and debt relief for graduates “inContinue Reading