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The Latest Breaking News from HECS

‘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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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

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.

ABC News

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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.

ABC News

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.

Newcastle Herald

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.

ABC News

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 Conversation

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.

Newcastle Herald

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.

ABC News

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Pedestrian.tv

We Asked 3 Graduates Whether They Actually Used Their Degree Or If It Was As Useful As Algebra

We’ve all heard that Ps get degrees, but do degrees get jobs? Are qualifications really worth years of your time (not to mention thousands in HECS debt)?With that in mind, we asked three young Australians each with their “dream job” whether they reckon their time studying got them where they…

ABC News

Stress and mortgage difficulties as inflation sees student HECS and other HELP debts balloon

As inflation rises, Australians with university debts say they're seeing their repayments evaporate and running into difficulties borrowing for mortgages.

The New Daily

It’s never too early – or late – to take control of your finances

Whether just starting out or looking at how investment will affect your pension, there are plenty of tools to help you manage your finances.

The Conversation

University fees are poised to change – a new system needs to consider how much courses cost and what graduates can earn

One key change to universities under the Morrison government was the Job-ready Graduates program. Starting in 2021, this significantly increased student fees for humanities degrees, slashed them for nursing and teaching, and moved many other courses up and down.

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news in one place.

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Pedestrian.tv

Great: HECS Debts Have Gotten So Big They’re Now Affecting Our Eligibility For Home Loans

Well it's not like I could afford one anyway!

The Guardian - AU

Student loans are getting bigger and hurting Australians’ chances of buying their own home

People who choose to study are carrying larger debts – and for much longer than ever before

ABC News

Regional Australia is 'crying out' for vets and a scheme pioneered by New Zealand could be the answer

By the end of next year, Bridget Webster will have lived out her dream of becoming a veterinarian. She says a government incentive to move to the regions would give her "a lot of financial freedom".

The Guardian - AU

Free degrees for Victorian nurses could cause workforce shortages elsewhere, unions warn

Australian nursing and midwifery groups say Victoria’s scheme could see aspiring nurses leave their home states

Pedestrian.tv

The Vic Govt Just Announced It’ll Cop Your HECS Debt If You Study Nursing Or Midwifery At Uni

The Victorian Government have announced they'll pay the HECS debt of anyone who wants to study nursing and midwifery in state.

Pedestrian.tv

A 25-Year-Old Compared Their Money Sitch To A Boomer When They Were The Same Age Holy Shit

Are we really worse off than our parents? We suss out one 25-year-old's money sitch compared to her mum's from 30 years ago.

The Hindu

Hubert Enviro Care Systems corporate office inaugurated

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