Australian grads abroad owe $1b in HECS-HELP debt and indexation will add $70m, ATO data shows – ABC News

Australian graduates overseas owe just over $1 billion in HECS-HELP loans, according to analysis of Australian Tax Office (ATO) data. They make up about 1.3 per cent of all HECS debtors, and about the same proportion of the country’s $74 billion total HECS debt. A historically high 7.1 per cent indexation will add another $70 million to what’s owed by…