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ABC News
ABC News
Business

Growing calls for student HECS-HELP loan indexation to be abolished as inflation sends debts soaring

HECS Inflation Mehreen Faruqi ATO Greens MyGov

Brisbane wealth adviser Alanna Fraser has been battling to pay off a university student debt of $102,000.

She's just 26 and fears the current system of loan indexation will leave her still owing the government money for her Bachelor of Economics and a Masters of Financial Planning degrees in 20 or even 30 years' time.

Own a house? Not likely any time soon given banks see student HECS-HELP debts as a "real debt" and it thus affects a graduate's ability to borrow money.

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