But now the growing cost of student debt is crippling many workers, and a new report says somethings got to give.
For Alana Fraser, logging onto My Gov to check her student debt, is a terrifying experience.
Shes one of 3 million Aussies whose student loans shot up by more than seven per cent last year, all because HELP debts – formerly known as HECS – are tied to our skyrocketing inflation rates.
Now, a new report is recommending a shake up which would see some students like Alana save around $1,000 a year.
The report also recommends Banning banks from analysing HELP debt in mortgage applications, better financial support for low income students, and paying for compulsory placements, with many medical and teaching students forced to giv…
Read the full article at: https://10play.com.au/theproject/articles/new-report-recommends-massive-shake-up-to-help-debt-scheme/tpa240226nfaoq