Hecs Debt News Today

The federal government has announced plans to change the way debts are indexed. But it may not help students over the long term.

Encouraging talented young journalists is what IA is about, so we are thrilled to see this standout article by Rowan Bosman making the podium.

The recent indexation of HECS fees at 7.1% is adding to students debt at a time of a cost of living crisis for young people, writes Rowan Bosman.

Tax time for 2023 has provided an unwelcome surprise for many Australians who have been shocked at the realisation they owe the Australian Taxation Office rather than receiving a return in tax.

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.

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.

Student debt will grow by 7.1 per cent in June due to indexation. Sophia has decided to take the plunge and pay it off before then. She only wishes there was more information about the best ways to manage HELP debt. 

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.

In the midst of a worsening cost-of-living crisis, more than 3 million Australians continue to be burdened by student debts. Isaac Nellist reports.