"My gut dropped because I'd just paid off $36,000."was close to $100,000. Obviously, with house prices the way that they are at the moment, not having that extra $100,000 of borrowing capacity was the difference between me being able to buy a property and not being able to buy a property," Nicole explained.School teacher Georgina Routley says more needs to be done to reduce the HECS debts of women and people who leave the workforce for a period of time.
"Individuals who have fully paid their HELP loan may receive their indexation credit as a cash refund, if they have no other tax liability." "I paid off prior to the 7.1 per cent indexation being applied to avoid incurring an extra approximately $3,500 being applied to my HECS debt," Thomas told Hack.
"How can young people best plan, financially, for the future, when the government moves the goal posts?"
Source: Education Headlines (educationheadlines.net)
HELP Loan Tax Student Debt
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