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 grads overseas, according to Andrew Norton, professor of higher education at the Australian National University, who analysed the figures.
In 2021-22, there were 40,200 overseas grads.
On average, they owed $25,776 about $1,000 more than the overall average.
Going overseas used to be …
Read the full article at: https://www.abc.net.au/news/2023-07-03/qld-hecs-help-ex-pats-indexation-university-debt/102427526