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ABC News
ABC News
Business

Voluntary HELP debt repayments soar ahead of major indexation rise

Voluntary HELP debt repayments have surged this financial year.  (Unsplash: Siora Photography)

There has been a massive spike in people making voluntary contributions to their Higher Education Loan Program (HELP) debts before they rise significantly.

Voluntary repayments for this financial year up to the end of March 2023 are almost 60 per cent higher than they were in the previous year, according to the Australian Tax Office (ATO).

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