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The Latest Breaking News from HECS

HECS debts lump students with future mortgage misery

As debate on how best to cut student loans continues in federal parliament, figures have shown how HECS debts can impact on mortgages.

AAP

The Greens want to cancel all student debt – but this will not make uni education ‘free’

The Australian Greens have long argued tertiary students shouldn’t pay tuition charges. This means they want to see HECS – now called HELP – abolished.

The Conversation

Students hopeful as Greens try to outbid Labor on debt

The Greens have called for all student debt to be wiped, saying the party's $74 billion plan will be a negotiating chip for a possible minority government.

AAP

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Dutton warns of election distraction tactic on abortion

A federal fight on the abortion issue could cost votes in the election, the opposition leader warns coalition colleagues as parties prepare for a poll by May.

AAP

Labor’s wiping of 20% of Hecs debt barely moves the needle. Australia’s students need to be freed from their crushing debt

Anthony Albanese, who went to university for free, needs to do more than toss us crumbs in the form of half-baked debt relief

The Guardian - AU

Impact of $16 billion HECS debt cut 'kind of invisible'

A plan to reduce student debt for millions of Australians will help, but an economist says the impact will be relatively marginal.

AAP

Mixed response to Labor pledge of student debt relief

The opposition and student union have criticised Labor's pledge to cut student debts by 20 per cent, but universities backed efforts to make the system fairer.

AAP

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HECS cut to help fix 'intergenerational unfairness': PM

The federal government has unveiled plans to cut HECS debt by one-fifth for university students if it wins the next election.

AAP

University graduates to save $680 a year, on average, as Albanese announces increase to Hecs threshold

PM to announce change that would see minimum debt repayment threshold lifted from $54,000 to $67,000 from next financial year

The Guardian - AU

Liberals will give $100k towards HECS for GPs who commit to working in ACT

GPs would also work at walk-in centres if the party is elected.

The Canberra Times

How A $16 'Buy Now, Pay Later' Debt Blocked A Woman From Getting A Home Loan Despite $100k Savings

Lou, a final-year student working full-time in the tech sector, had to pay off her $16 outstanding BNPL debt and $38,000 in HECS student loans before securing a mortgage.

International Business Times UK

The Government Introduced A New HECS Bill Today, Here’s How It Could Help Lower Your Debt

The government introduced a bill to change HECS debt calculations, aiming to wipe $3 billion HELP debt. Here's how it'll impact you.

Pedestrian.tv

Uni changes to rule out large HECS rises: minister

University students will get an average of $1200 cut in their HECS debt under indexation changes brought to federal parliament.

AAP

'I'll Be Paying Off the Debt For The Rest Of My Life': Teacher Frustrated With Australia's Student Loan System

Student debt in Australia soars due to indexation, leaving grads like Alicia worried & struggling to repay loans despite having good jobs.

International Business Times UK

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Newcastle Herald

HECS and home loans: the hurdle for university students

'Home ownership might be difficult or just out of reach.'

The Conversation

A big change is coming for higher education funding. What would a ‘hard cap’ on domestic places mean for students and unis?

Back in February, the Universities Accord final report recommended major changes to university funding.

Crikey

As Frydenberg’s kite-flying flames out, Monique Ryan stays locked on TikTok

The battle for Kooyong may come down to who can reach frustrated millennial and Gen Z voters. The teal incumbent has her eye on them.

Pedestrian.tv

63% Of Young People Fear They Won’t Be Able To Get A Job Without A University Degree

A survey has highlighted how Gen Z feels pressured to go to university instead of travelling, due to fears for their future.

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news in one place.

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AAP

Reform call as student debt hiked by thousands of bucks

Those with student debts will have their outstanding amount increased due to indexation but changes to the scheme will reduce the balance later this year.

Crikey

No budget pathway for Labor’s ambition for higher education — and $50k arts degrees are here to stay

Labor’s budget lays down some important markers for higher education. But many of the most important decisions have been kicked down the road.

Crikey

For students, Clare has made a good start. Here’s what he should do next

Reverting last year’s bloated HECs indexation was a sensible change. But there’s plenty more to be done to assist students struggling with the cost of living.

The Guardian - AU

Australian federal budget 2024: what we know so far and what to expect

Treasurer Jim Chalmers has promised more cost-of-living relief in his 14 May budget as well as spending for students and health

The Guardian - AU

Budget sneak peek predicts higher wages and tax breaks – but no increase for Australians on jobseeker

Government dampens hopes for an increase to jobseeker, despite pressure from economists, social justice groups and equality advocates

The Guardian - AU

Labor to wipe $3bn from Hecs and Help debts through indexation changes

Measure to ensure student debts can’t outpace wage growth by retrospectively capping indexation rate for loans

AAP

Relief for students with $3b of HECS debt eliminated

About $3 billion worth of student debt will be wiped for more than three million Australians struggling through the cost-of-living crisis.

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