Friday,
22 November 2024
Relief on lingering HECS debts

PEOPLE with a HECS/HELP debt will feel some relief with the Federal Government announcing a change in the way indexation on loans is calculated.

In response to the Australian Universities Accord, the government will cap the HELP indexation rate to be the lower of either the Consumer Price Index (CPI) or the Wage Price Index (WPI) with effect from June 1, 2023.

The government will backdate this relie...

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