The release of March inflation data means student HECS-HELP debts are set to rise by 4.7 per cent on the first of June this year.
It might pale in comparison to last year’s indexation rate of 7.1per cent, but it’s still the second-highest increase in a decade.
Nellie Malseed said she was “shocked” when she learned how much her debt would increase last year. To reduce the impact, she made a voluntary repayment of $10,000 before it came into effect from savings she’d accrued since working full time.
The 29-year-old says another hefty increase just makes everything harder.
From Naarm/Melbourne, Nellie completed a double degre…
Read the full article at: https://www.abc.net.au/news/2024-04-24/hecs-help-debt-indexation-june-2024-should-you-repay-early/103754992