HECS, HELP loan indexation: What should YOU do about your uni student loan?

Australians are about to be stung with the highest rise in university debt repayments in more than a decade – with the average ex-student set to owe an extra $1,000 in the next 12 months.

Monthly and annual payments are set to surge for the under three million former students with HECS or HELP debts from June 1 due to rising annual indexation rates. That means the average uni debt of $23,685 will increase by $1,013.

Indexation is a formula applied to student loans that have been unpaid for…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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