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The Latest Breaking News from HECS

Student debt indexation to have lifelong impacts on Australians' borrowing capacity

For the past decade, student debts have increased by about 2 per cent a year on average, but tomorrow they will rise by a massive 7.1 per cent. The consequences of increased debt will affect graduates for decades.

ABC News

Last day for grads to dodge huge HECS debt hike

Australians are being urged to pay off as much student debt as they can ahead of May 25, before rising inflation causes HELP loan balances to skyrocket.

AAP

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

More than 3 million Australians will have their HECS-HELP debts indexed at 7.1 per cent come June 1.

ABC News

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As June 1 indexing approaches, Australian university graduates are bracing for increased HECS/HELP debts

Time is running out for millions of university graduates to slash their HECS debts before they increase by 7 per cent.

ABC News

My students are crying about rent and fees, and Labor’s budget abandons them

Important work to transform the education system is being done. But that’s cold comfort to students who can’t afford to live while they learn.

Crikey

'The perfect storm': What the budget means for Newcastle graduates

'For our region, we've got excessive growth in housing cost, relatively low wages and high indexation.'

Newcastle Herald

From boomers to Gen Z: how the federal budget affects the generations

Younger Australians feared the budget would further entrench generational inequality. Four Guardian Australia reporters reflect on what it offers their age group

The Guardian - AU

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Queensland Police look to poach new recruits from interstate and overseas

In an effort to bolster Queensland's police numbers, a new recruitment drive will offer a "significant increase" in wages and help you pay off some of your HECS debt.

ABC News

HECS for farmers? Nature repair loans could help biodiversity recover – and boost farm productivity

Almost three billion hectares of farmland is in poor condition worldwide – an area the size of Russia. Biodiversity is in freefall. Extinctions are rising. Wild animal populations have fallen almost 70% since 1970.

The Conversation

MPs push to ease student debt burdens as record Help loan indexation looms

Proposal to abolish indexation projected to cost up to $1.3bn as MPs and students say higher education loan scheme is ‘no longer fit for purpose’

The Guardian - AU

I Got My Numbers Boyfriend To Explain Exactly Why HELP Debts Are Increasing By 7.1%

HECS debts. HELP debts. Indexation. Consumer price indexes. INFLATION. Some of us didn’t go to school for maths and numbers, so the mere sight of such mathematical words causes our brains to shut down faster than MilkRun on a Tuesday in April. And so, I called up my engineer boyfriend…

Pedestrian.tv

A 'carrot and stick' approach to university degrees isn't deterring students from studying humanities despite higher fees, academics say

Brought in to funnel students into degrees that would address Australia's skill shortages, the Job Ready Graduate package slashed the student contribution of some degrees while hiking others, but enrolments in the arts is still popular, universities claim.

ABC News

Millions of Australians face higher Help and Hecs debts: see how inflation will change your student loan repayments

See how indexation affects a higher education debt over 10 years using actual payment thresholds

The Guardian - AU

Afternoon Update: calls grow for government to ease student debt; Singapore executes man over cannabis; and Ardern off to Harvard

Independent MP Zoe Daniel joins Coalition in calling for Labor to freeze the Hecs indexation

The Guardian - AU

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The Guardian - AU

Calls to reform Australia’s student debt scheme as loan holders face ‘deeply unjust’ 7.1% rise

Millions of Australians face a hike in their Help and Hecs loans when indexation is added on 1 June, the highest increase in decades

The Guardian - AU

‘It’s perverse’: how Australia’s student loan scheme traps graduates in a debt spiral

Hit with a record high indexation rate, many young people don’t see how they will ever make a dent in their Help debt

AAP

'Discouraging' increase looming for student debts

More than three million Australians who have a student debt will need to pay off even bigger loans when balances are indexed in the coming months.

ABC News

Freezing HECS-HELP indexation won't put more money in your pocket in the short term

Think abolishing indexation on your HECS-HELP debt would put money in your pocket? It won’t. In fact, it could drive up your tax bill.

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news in one place.

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The Guardian - AU

Help! Should Australians rush to pay down student loans before indexation?

While general financial wisdom once suggested Help-Hecs debt was fine to pay down slowly, the current economic climate may rewrite the rules for some

ABC News

Students and graduates could pay thousands more as HECS and HELP indexation goes ahead

A Senate inquiry rejects a proposal to freeze indexation on the student loans, meaning they could increase by up to 7 per cent in June.

ABC News

Australia's HECS-HELP debt has topped $74b. How long does it take the average student to pay theirs off?

Those with some of the country's biggest HECS-HELP debts would be more than 100 years old before even coming close to paying them off without voluntary extra repayments.

ABC News

HECS-HELP indexation is forecast to be higher this year. Is it still a 'good debt'?

Student debts are expected to go up by 7 per cent on June 1. If you've got a higher education debt, here's what you need to know.

ABC News

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

A growing chorus of university graduates is calling for an overhaul of the HECS-HELP debt system, as loan amounts balloon due to high inflation.

Newcastle Herald

Drug laws just send cannabis cash to criminals

The first state in Australia to legalise and build the hemp industry will win, writes one contributor.

ABC News

Economist blames rising inflation on COVID-19 policies, as woman tells Q+A she can no longer afford university

A young Australian tells Q+A she has been forced to forego her education due to the spiralling cost of living, opening the door for economist Gigi Foster to blame COVID-era government policy for rising inflation in Australia.

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