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The Latest Breaking News from HELP

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

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

From analysis to the latest developments in health,
read the most diverse news in one place.

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

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The Guardian - AU

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‘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

‘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

The Guardian - AU

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.

ABC News

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

The Guardian - AU

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

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.

ABC News

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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

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news in one place.

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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

ABC News

How HECS and HELP debts have helped entrench women's economic disadvantage

It has been more than 30 years since the HECS system widened access to tertiary education. But after a number of changes over the years, there is concern about inequity between men and women.

The Conversation

HECS-HELP loans have become unfair for women but there is a way to fix this

The federal government is currently contemplating the biggest overhaul of higher education in a generation. A discussion paper for the Universities Accord, released last week, is asking for suggestions about “what the system should look like in 30 years’ time”.

The Independent UK

In new role, Sanders demands answers from Starbucks' Schultz

As the new chairman of the Senate committee that oversees health and labor issues, Vermont Sen_ Bernie Sanders says some corporations “should be nervous.”

Axios

Drug companies brace for chairman Bernie

Sen. Bernie Sanders has long made no secret that he thinks drug companies and health insurers are ripping off Americans. But now he's chairman of the Senate health committee.

The Guardian - AU

Inflation-driven higher education debt increases to hit millions of Australians

Even under the most conservative scenario, modelling suggests average Help debt will increase by at least $1700 when indexed on 1 June

Newcastle Herald

Graduates exposed: Why your HECS debt could be going up

It's time to think about the debt we set and forget. University graduates have just seen the largest debt indexation in 32 years.

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