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.
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Australian Government announces cut to HECS-HELP and student loans debt
The Minister for Education, Jason Clare, and Minister for Skills and Training, Brendan OConnor, announced in a statement that the federal government planned to cut the student debt of over 3 million Australians in the 2024 budget, which will clear around $3 billion in debt. This has since been confirmed in the Federal Budget by Treasurer Jim Chalmers.
HECS-HELP loans are loans provided by the governmen…
Read the full article at: https://www.lifehacker.com.au/2024/05/hecs-help-student-debt-indexation-credits-2024/