The financial year doesn’t end for another two months, but there’s a closer deadline many people with university debts are dreading: June 1. On June 1, all unpaid HECS/HELP debts will automatically increase when indexation is applied. If you’ve got a higher education debt, here’s what you need to know. But if you’re not familiar…
Millions of Australians with outstanding student loans, like HECS-HELP debt, are likely to see their balances rise by 4.8% on June 1 this year.Study and training loans in Australia are subject to an annual indexation rate based on inflation, so with the release of the quarterly Consumer Price Index (CPI) from the Australian Bureau of…
There are a few signs experts say to watch out for if you’re unsure whether debt relief makes sense for your needs. Getty Images With inflation lingering and even ticking back up recently, many Americans are struggling to keep up with their bills. Not only do the higher prices and dollar devaluation caused by inflation…
Student debt relief measures are anticipated in Australias 14 May federal budget, after prime minister Anthony Albanese acknowledged shortcomings in the Higher Education Loan Programme (Help). Speaking on the Hit radio network, Mr Albanese said the government was examining the Australian Universities Accords recommendations to reform the student loan scheme informally known as Hecs and would…
“Our workload has increased due to Covid firstly, then the cost of living, then the interest rate increases,” says Christine Liggens from Debtfix. The charity has partly relied on $490,000 a year from the Ministry for Social Development (MSD) to help meet the cost of budget and finance advice for Kiwis who fall into difficulty…
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Students and recent graduates saddled with ballooning debts and those partaking in placements for subjects like teaching and nursing are in line for relief in the upcoming federal budget. Speaking to reporters in Canberra, Treasurer Jim Chalmers hinted at measures designed to ease education costs at a time of heightened inflationary pressures. Whether HECS relief,…
Last week there was good news for struggling students and recent graduates saddled with sizeable student debts. The prime minister, Anthony Albanese, in an outing on FM Radio, acknowledged there was a range of areas where we need to do much better with the younger generation and Hecs [the Higher Education Contribution Scheme] is one…
The mechanism for providing debt relief to the worlds poorest countries is failing to deliver and requires a major rethink, a senior official at the World Bank has said. Indermit Gill, the banks chief economist, said that after four years the G20s common framework designed to speed up and simplify debt restructuring had not provided…
Help keep One Green Planet free and independent! Together we can ensure our platform remains a hub for empowering ideas committed to fighting for a sustainable, healthy, and compassionate world. Please support us in keeping our mission strong. President Joe Biden has been making good on his promises to try his best and offer relief…