Preparing for the arrival of a baby isn’t cheapand as an expecting single mum,Carrie Riseley is watching every penny.
Key points:
- University graduates say they’re seeing their HELP repayments wiped out as their student debts grow with inflation
- Inflation piled $1.9 billion of extra debt onto students in June this year
- HELP debts are impacting some former students’ ability to borrow for a mortgage
So the 36-year-old was shocked when she noticed in June that her HECS-HELP student debt had jumped $1,400 overnight.
“Having this additional debt that I wasn’t expecting to be increasing so much that is worrying for the future,” she said.
The Hobart resident’s HELP debt grewbecause of inflation, which last monthsurged to a 32-year high.
The inflat…
Read the full article at: https://www.abc.net.au/news/2022-11-15/inflation-causing-university-hecs-help-debts-to-increase/101597882