Timing is important – and that’s one of the clear shortfalls in the federal government’s surprise for young people with student loans.
Timing is important – and that’s one of the clear shortfalls in the federal government’s surprise for young people with student loans over the weekend.
It’s a welcome change for a demographic which has often been ignored in policymaking, and which has been hit especially hard by cost of living pressures. At the same time, wage growth has been significantly slower than inflation over the past few years, meaning the ability for people to pay back their debts has gone backwards.
But it means people with HECS debts are having some of their income withheld for repayments, yet not counted until after their loans have been ratcheted up for indexation.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pressure mounts on federal government to overhaul HECS systemFormer Treasury Secretary Ken Henry has backed an urgent overhaul of the HECS system, saying it is worsening the inequality gap between younger Australians and older generations.
Read more »
Queensland police recruits offered $20,000 HECS reliefUni graduates are being urged to consider a career in the force, with significant financial rewards.
Read more »
HECS debt expected to grow more than 4pc as high indexation continuesHECS-HELP debts are forecast to rise between 4.2 and 4.8 per cent this year, the second-highest rise in a decade.
Read more »
Anthony Albanese says government is considering changes to HECS indexation7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
‘Simpler and fairer’: Albanese flags HECS changes in budget reliefThe prime minister says he will imminently announce a response to a recommended overhaul of HECS as calls come from the crossbench to look at wiping student debt.
Read more »
‘Simpler and fairer’: Albanese flags HECS changes in budget reliefThe prime minister says he will imminently announce a response to a recommended overhaul of HECS as calls come from the crossbench to look at wiping student debt.
Read more »