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The Latest Breaking News from HECS

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

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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read the most diverse news in one place.

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

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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

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

The Guardian - AU

'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.

AAP

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

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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.

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news in one place.

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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.

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”.

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.

ABC News

Very remote teachers to have HECS debt waived, but there's more to teaching than money

Teachers who spend four years in a very remote community can now have their HECS debts waived, but teacher Daniel McLaren says that's not the best reason to do it.

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