The federal government has announced it will wipe $3 billion from Australians’ HECS-HELP debt. Aussies have complained they can’t pay off their student loan debt because annual indexation keeps increasing the amount. Lauren Eardley told Yahoo Finance her ballooning loan debt has caused her to question whether she will ever afford to have kids or…
The federal government will cut around $3bn in student debts through a key change to the Hecs and Help programs, reversing last years horror indexation hike and delivering a $1,200 saving for the average person. The measure, to be outlined in this months federal budget, will ensure student debts cant outpace wage growth in the…
In short: Student debts will be lowered for more than three million Australians under reforms designed to stop HECS loans growing faster than wages. Loan indexation will now match whichever is lower out of the Consumer Price Index or the Wage Price Index which the government says will prevent another shock increase like last year’s 7.1 per cent…
Changes in the May 14 budget will cut the student debt of more than three million people, wiping more than $3 billion from what people owe. The government will cap the HELP indexation rate to be the lower of either the Consumer Price Index (CPI) or the Wages Price Index (WPI), backdated from June 1…
CHITRAL: No country would like the name of financial default let alone practically going into bankruptcy. In Pakistan we have been hearing the words bankruptcy and default for quite some time. Then we suddenly hear that the IMF is giving further loan to avert the immediate threat and resultantly a buoyant and victorious mood sets…
Every year on June 1, student debt in Australia is indexed to inflation. In 2023, high inflation pushed the indexation rate to 7.1%, the highest since 1990. This year, if there is no policy change, student debt balances will be increased by 4.7%. After sustained community pressure to change the way debts are indexed, the…
Normal text sizeLarger text sizeVery large text size A total of $3 billion will be wiped off millions of Australians student debts for tertiary education in an Albanese government pitch to younger voters punished by years of rising rents and consumer prices. Facing Greens and crossbench blowback on its agenda to help financially insecure Millennials,…
3 min read Last Updated : May 04 2024 | 6:09 PM IST Amid several bottlenecks, the Insolvency Bankruptcy Board of India (IBBI) declared 2023-24 as a landmark year, with the National Company Law Tribunal achieving a significant 43 per cent increase in resolutions, jumping from 189 cases last year to 270 this year. The…
Join the most important conversation in crypto and web3! Secure your seat today Belgian cryptocurrency lending platform Bit4You has suspended its operations after one of its service providers, CoinLoan, was declared insolvent by a court in Estonia. Bit4You learned of CoinLoan’s insolvency on April 24, and that it no longer has necessary registration as a…