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ABC News
ABC News
Business
By Lexy Hamilton-Smith and Scout Wallen

As June 1 indexing approaches, Australian university graduates are bracing for increased HECS/HELP debts

Time is running out for 3 million Australian university graduates to slash their student debts before the federal government's multi-billion-dollar indexing bonanza, the National Union of Students (NUS) says.

President Bailey Riley had been campaigning for change to freeze or delay the hike, but it was not addressed in the federal budget this month.

On June 1, in nine days' time, $74 billion worth of HECS/HELP debt will go up by 7 per cent — an increase of more than $5 billion.

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