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 Statistics this morning, the indexation rate is now known.While the 4.8% rate likely to be applied in June is a far cry from the 7.1% indexation rate of last year when inflation was running hot, it’s still the second highest in more than a decade.“Historically, the indexation rate has been fairly low – an average of 2.48% over the previous 10 years and as low as 0.60% only three years ago,” says Marie Ryan,…
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