Americans are collectively buried in more than one trillion dollars in credit card debt. And that number is getting larger by the month. So when balances become too much, some consumers look for outside help from companies that claim they will help them settle and renegotiate those debts. Before you sign up, one woman has…
Treasurer Jim Chalmers has delivered a $9.3 billion surplus this year, marking the first back-to-back surplus in almost 20 years, promising to deliver relief to Australians today and tomorrow and help every taxpayer. Handing down the 2024-25 budget on Tuesday, the treasurer stressed Australias future depended on striving for more than simply muddling through or…
The 2024-25 Federal Budget has landed, and it has brought a number of changes for Australians. One particularly positive thing we can look forward to is the cutting of about $3 billion worth of student HECS-HELP debt. Heres what you need to know. Table of contents Australian Government announces cut to HECS-HELP and student loans…
Millions of Australians are set to have $3 billion worth of HECS-HELP debt wiped under a plan to revamp student loan indexation. The move was confirmed as Treasurer Jim Chalmers outlined the 2024 Federal Budget on Tuesday night. Instead of interest, student debts rise each year in line with the consumer price index (CPI). But…
Treasurer Jim Chalmers will hand down his third budget on Tuesday night, but has been tempering expectations for weeks in the lead-up, warning Australians not to expect a “cash splash”. Inflation remains a key challenge for the government, and we already have a pretty good idea of how Mr Chalmers plans to use his budget to…
The Federal Government will cut the student debt of more than three million Australians in this months budget, including 17,424 in the electoral division of McEwen. In a bid to ease the cost-of-living pressures off young people and fight against inflation, the Federal Government will wipe around $3 million in student debt, reverting the effects…
Biden cancels $6.1 billion in student loans Biden cancels $6.1 billion in loans for ex-Art Institutes students 04:04 HARRISBURG, Pa. (KDKA) — More than $345 million in debt will be forgiven for about 18,000 Pennsylvanians who attended The Art Institute, the state attorney general announced on Monday. The Biden administration last week announced it would…
The Australian Taxation Office (ATO) will soon be forced to pay a new tax just to help collect around $50 billion in outstanding tax money owed to the government in the form of post-COVID tax debts, as well as regular receivables, where commercial recovery agents are used to expedite collection. Yep, you read that right.…
Education Minister Jason Clare (Image: AAP/Lukas Coch) If I had to grade Education Minister Jason Clare on his recently announced policies for higher education, Id give him a C. He has made a good start but currently has a half-baked conclusion. Luckily, the governments final assessment isnt due for a couple of days, with Clare…
Nick Bruining The West Australian I have a HELP debt of a little over $53,000 and was very happy to hear about the changes to the indexation of student debt announced by the Federal Government last week. I earn $94,000 a year and have decided that buying a house in the current market is not…