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…



Read the Full Article Here dailymail

Share:

Written by Bourbiza Mohamed

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

Leave a Reply

Your email address will not be published.

44% of landlords ‘have supported tenants financially in past year’

Moment bystander was attacked by crazed dog at London train station