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The Latest Breaking News from HECS

A Quick Explainer On What The HECS Is Going On With The New Repayment Threshold

The ATO has announced a new HECS-HELP repayment threshold meaning changes to what you'll have to repay this financial year.

Pedestrian.tv

From Aukus to tax cuts: six things to watch for at Labor’s national conference

Expect a ‘little bit of a bizarro world’ with the policy fights largely already settled, one insider says. Still, some debates will be worth watching

The Guardian - AU

Calculating How Much HECS Debt Barbie Would Have If She Studied For All Of Her Jobs In Aus

Might have to wait a few more years for that Dreamhouse.

Pedestrian.tv

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Ask the Expert: HELP debt? What to consider and prioritise when paying off uni fees

Many students’ HELP debt is rising fast even if they are making repayments. For those that have a debt, here are a few things to consider.

The New Daily

Crossbench welcomes Labor review of student loan ‘quirk’ that added hundreds to debts

Education minister stands by three-decade high indexation rate of 7.1% but acknowledges need for minor reforms amid backlash

The Guardian - AU

Afternoon Update: minimum wage rises; education minister looks at Hecs debt changes; and a glitzy royal wedding

The annual wage review decision indicates the minimum wages will increase to $882.80 per week or $23.23 per hour

The Guardian - AU

HELP: Inflation brings shock rise to student loans

The Education Minister says the formula used to adjust student loan balances for inflation will be considered in a review of higher education.

The New Daily

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Jason Clare says going to university ‘makes you money’ as he defends 7% indexation rise in student loans

Education minister says if he were to freeze indexation, it would cost taxpayers who might not have a degree

The Guardian - AU

HECS-HELP loans will be indexed today. Check how much your loan will increase with our calculator

All HECS-HELP loans will increase by 7.1 per cent today.

ABC News

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

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

'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

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The Guardian - AU

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

ABC News

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.

The Conversation

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 Guardian - AU

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’

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Pedestrian.tv

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…

ABC News

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.

The Guardian - AU

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

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.

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