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
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
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
It’s not just the colder weather Australians should prepare for. As the nation heads into winter, many people are about to pay more for electricity, health insurance and their student loan repayments. After months of climbing grocery prices and higher mortgage repayments for thousands of homeowners, health insurance premiums, HELPContinue Reading
This week more than three million Australians were hit by the biggest increase to student loan debt seen in more than 30 years. On Thursday, anyone with an unpaid HECS-HELP loan saw their debt rise by a whopping 7.1 per cent – with many of those people being young Aussies.Continue Reading
A change to how student debt is calculated is being considered after the balances of millions of Australians soared overnight. The debt, known as HECS-HELP, is indexed in line with the inflation rate each year, meaning loans rose by 7.1 per cent on Thursday morning. It’s the largest increase experiencedContinue Reading
Crossbench MPs are calling for urgent government intervention into student loan indexation to stop as many as 3 million Australians from being “swept away by a debt avalanche”. Eight MPs and senators have written to Education Minister Jason Clare and Anthony Albanese pushing them to act immediately before the indexationContinue Reading