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 own a home. She is one of hundreds of thousands of people who want to see the system changed.
“I’m falling into a cesspit of debt, which Im expecting to be in the millions by the time it dies with me,” the 28-year-old explained to Yahoo Finance. “I’m going to have this decision I made when I was 18 hang around me forever.”
Read the full article at: https://au.finance.yahoo.com/news/3-billion-in-hecs-help-debt-to-be-wiped-for-millions-of-aussies—heres-how-much-youll-save-225737180.html