Three million Australians will see $3 billion reduced from their student debt. This news has sparked a lot of interest. People want to know how these changes will affect their money. The HECS indexation rate jumped to 7.1% last year due to inflation. But, it will drop to 4% in 2024. This means those with … Read more
The Australian government has slashed $3 billion from HECS-HELP loans. This move affects over three million Aussies. The ATO is now crediting individual accounts, cutting the average $27,000 HECS debt by about $1,200. This change aims to ease the financial burden on former students and current debt holders. It’s a welcome relief for many Australians … Read more
The Australian government has erased $3 billion in HECS debt, affecting over three million Aussies. This unexpected student loan relief arrives as a Christmas surprise. The ATO is issuing credits, with the average refund being $400 per person. These refunds are part of a broader plan to ease student loan burdens. For those with an … Read more