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The Latest Breaking News from HELP

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

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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

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.

Tribune News Service

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

Manchester Evening News

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 Independent UK

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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 - US

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

The Guardian - AU

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

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.”

The Independent UK

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.

Axios

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

The Guardian - AU

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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.

Chicago Sun-Times

Illinois Tollway H.E.L.P. trucks get new look

The trucks have a new livery that introduces GEICO as the exclusive sponsor of the program, which assisted more than 27,000 drivers in 2022.

AAP

Student debt cut for teachers who go rural

Student debts will be wiped for teachers who spend four years in "very remote communities" in a bid to help address crippling shortages across the country.

The Guardian - US

Congress must listen to working families and overhaul healthcare, minimum wage and education

Americans are united on some of the most important issues facing our country and they want government to address these challenges

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Chronicle Live

Millions of DWP Universal Credit claimants missing out on £1,200 savings boost

The Government will add 50% to the savings of low-income families if they open a special Help to Save account

Roll Call

Post-pandemic, CDC faces ‘uphill battle’ for backing in new Congress

CDC Director Rochelle Walensky wants to overhaul the agency but needs Congress' help. And she is losing key allies.

Radio France Internationale

German hostage held in Sahel since 2018 raises hope for Frenchman

A German humanitarian worker held hostage in the Sahel for more than four-and-a-half years has been freed, his organisation said on Saturday. But four other hostages from Western countries are still being held by jihadist groups in the region.

The Guardian - AU

When the ‘good debt’ stopped being good: the fallout and future of rising student loans

As Hecs and Help debts start to weigh on graduates, is it time to rethink our student loan system?

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 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.

Evening Standard

How one couple bought their first home with Help to Buy and a small deposit after a year of searching

After a year of house hunting, here’s how young professionals Sukhgeet Singh and Devyani Bajaj bought their first home using Help to Buy

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