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ABC News
ABC News
Business

Greens call for abolition of indexing on HECS/HELP loans as student debt balloons, senate report to be tabled

A senate inquiry report into a bill that would freeze $74 billion in student debt is set to be tabled in federal parliament next week.

The Australian Greens' push to abolish indexing on HELP debt (formally known as HECS) comes as more than 3 million graduates face up to a 7 per cent hike on their debt this June due to spiking inflation.

The Greens, backed by the National Union of Students, argued the scheme was "unsustainable and broken".

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