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AAP
AAP
Politics
Dominic Giannini

Reform call as student debt hiked by thousands of bucks

A person with an average student debt of $26,000 will see a reduction of about $1200 later this year (Dean Lewins/AAP PHOTOS)

People with student loans will see a steep jump in their debt but are being told it's not as bad as it looks, with thousands to be wiped off the bottom line in the coming months.

HECS debt will increase due to indexation - where inflation figures are used to increase the amount to reflect what the cash is worth in today's dollars - on Saturday.

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