The architect of the HECS-HELP system says misinformation is creating anxiety in the community about the effect of inflation on student debt. Abolishing indexation on HECS-HELP debts would not put ...
A few months ago, the federal government announced it was dropping the indexation rate for tertiary education loans and retrospectively dropping the rate for the previous financial year. That means ...
When her university debt was slugged with a 7.1 per cent increase last year as part of indexation, it shot up by $3500 to almost $53,600. That year, she only paid $2400 off; meaning her debt was ...
HECS balances are set to rise again this year as indexation is expected to sit at 4.8 per cent. A modest decrease from last year’s eye-watering 7.1 per cent, the upcoming round of indexation on June 1 ...
With continual low inflation in recent decades, student debt hasn’t been a big planning issue. However, since inflation surged in 2022, you should factor it into your family wealth planning today. Don ...
Labor’s solution to spiralling debts would’ve worked a treat if it had been in place for the past two years. Now it may make no difference Last week there was good news for struggling students and ...
I graduated with a Bachelor of Business Marketing in November 2021, and now, after getting a job and paying thousands of dollars toward my student debt, I am still behind in my HECS repayment journey.
Monash University provides funding as a founding partner of The Conversation AU. Last week’s story on The Conversation saw HECS architect Bruce Chapman bemoaning lost tax revenue from graduates who ...
While HECS-HELP debt does not accrue interest, it is indexed for inflation every year. This means, from June 1, anyone who hasn’t paid off their loan will see their debt rise in line with inflation, ...
Rodney Maddock does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...