: Student debts will be lowered for more than three million Australians under reforms designed to stop HECS loans growing faster than wages.
For almost 35 years indexation has been calculated based on the Consumer Price Index , which is now at historic highs. "This will wipe out around $3 billion in student debt from more than three million Australians," Education Minister Jason Clare said. "By backdating this reform to last year, we're making sure that apprentices, trainees and students affected by last year's jump in indexation get this important cost-of-living relief.
The West is taking elaborate measures to get food into Gaza. Why is the obvious solution not an option?
Source: Education Headlines (educationheadlines.net)
Hecs Debt Indexation 2024 HECS Debt Student Debt Easier To Pay Off HECS Indexation Federal Budget 2024 Student Loans University Fees Anthony Albanese HELP Balance
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Millions of Australians to receive $1,000 boostQueenslanders can expect a much needed rebate on their power bills with the government unveiling a key cost of living package only months out from the next election.
Source: SkyNewsAust - 🏆 7. / 78 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.
Source: 9NewsAUS - 🏆 10. / 72 Read more »
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.
Source: 9NewsAUS - 🏆 10. / 72 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.
Source: abcnews - 🏆 5. / 83 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.
Source: 7NewsSydney - 🏆 16. / 63 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.
Source: theage - 🏆 8. / 77 Read more »