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ABC News
ABC News
National

Thinking of paying off your HECS debt before indexation? The ATO says you better do it today

Australians currently hold about $50 billion worth of HECS-HELP debt. (ABC News: Danielle Bonica)

The looming financial new year heralds an unwelcome extra cost for thousands of people who currently have HECS-HELP debts.

This is because every unpaid debt is going to automatically increase when it's indexed on June 1.

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