{“menuItems”:[{“label”:”Quick summary”,”anchorName”:”#quick-summary”},{“label”:”Student loans Australia”,”anchorName”:”#student-loans-australia”},{“label”:”HECS indexation”,”anchorName”:”#hecs-indexation”},{“label”:”Analysis based on potential indexation rate figures”,”anchorName”:”#analysis-based-on-potential-indexation-rate-figures”}]}
Quick summary
- The average HECS debt was $24,771 in the 20212022 fiscal year, according to ATO figures, up from $23,280 in 201920.
- The 2023 HELP debt indexation of 7.1% is the highest on record in over a decade, up from 3.9% in 2022 and 0.6% in 2021.
- HELP debt repayments will average $1,760 a year when indexation comes into effect on 1 June 2023.
- Australians in their 20s will be hit the hardest with an…
Read the full article at: https://www.finder.com.au/student-help-hecs-debt-statistics