HECS indexation to be overhauled in budget with $3 billion in student debt 'wiped out' – ABC News

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…

The good news is the government plans to cancel $3 billion in student debt. The bad news is indexation will still be high – The Conversation Indonesia

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…

Happy Money Partners with Method to Further Streamline Debt Consolidation for Members – PR Newswire

Partnership enables a faster payment execution and greater visibility into money movement TORRANCE, Calif., July 9, 2024 /PRNewswire/ — Happy Money, a leading provider of unsecured lending that helps credit unions grow, today announced a strategic partnership with Method, a leading provider of real-time data and payment access for consumer liabilities, to enhance the way…