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The Latest Breaking News from HELP

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

Help to Save scheme extended until April 2025

More than 359,200 people have opened savings accounts since its launch in September 2018, HM Revenue and Customs said.

The Independent UK

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Voluntary HELP debt repayments soar ahead of major indexation rise

Thousands of people are making voluntary contributions to their Higher Education Loan Program (HELP) debts ahead of the 7.1 per cent jump in indexation on June 1.

ABC News

Help at hand at university to ease HSC stress for Hunter students

Help is at hand for high school students doing the HSC as the University of Newcastle (UON) launches its Early Entry Program.

Newcastle Herald

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

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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

The Universities Accord should scrap Job-ready Graduates and create a new multi-rate system for student fees

This article is part of our series on big ideas for the Universities Accord. The federal government is calling for ideas to “reshape and reimagine higher education, and set it up for the next decade and beyond”. A review team is due to finish a draft report in June and…

The Conversation

Major savings shake-up could hit thousands of savers - see who will be affected

Help to Save is a type of savings account offered by the Government, available to low income workers who are claiming certain benefits - here is everything you need to know

Daily Mirror

House, Senate craft separate health care packages - Roll Call

A deal announced this week on a series of drug pricing bills could be a sign of progress an issue that has bedeviled both parties.

Roll Call

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

Debt ‘avalanche’ a sign loan system is broken, senator says – as it happened

This blog is now closed.

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

The Guardian - AU

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The Guardian - AU

‘It’s obscene’: ATO still chasing $2bn in student debt from controversial 1990s loan scheme

More than 140,000 people who traded welfare payments for loans are still repaying them decades later

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.

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

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.

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news in one place.

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ABC News

Greens call for abolition of indexing on HECS/HELP loans as student debt balloons, senate report to be tabled

A push from the Greens to abolish indexing on HELP debt (formally known as HECS) comes as more than 3 million graduates face up to a 7 per cent hike on their debt this June due to spiking inflation.

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.

Tribune News Service

Commentary: Starbucks hearing is a watershed moment for workers

On Wednesday, former Starbucks CEO Howard Schultz was questioned by the Senate Committee on Health, Education, Labor and Pensions, dubbed HELP, about the company’s anti-union campaign and violations of federal labor law during his reign.

Manchester Evening News

ITV Coronation Street star Simon Gregson screams in terror as he takes part in ghost hunt at Cheshire home

The Steve McDonald actor has helped a team of paranormal experts uncover the ghostly mystery at his family home

The Independent UK

Teamsters boss boasts about taking on ‘schoolyard bully’ Republican at fiery Senate hearing

Sean O’Brien and Sen Markwayne Mullin squared off at a Senate HELP committee hearing

The Guardian - US

Starbucks CEO to testify before Senate over opposition to stores unionizing

Bernie Sanders had threatened to subpoena Howard Schultz if he refused to appear while workers file unfair labor practice charges

The Guardian - AU

Female university graduates have bigger Hecs debts but earning less than men, research reveals

Average student debt balance has risen 10% and taking longer to pay off, affecting major life events such as starting a family

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