News Muncher - category hecs

1 month, 2 weeks ago

One-off HECS debt cut a placeholder as government looks to change university course fees

ABC

The federal government has rising university student fees in its sights for the next stage of its university debt overhaul, with a government source saying a one-off 20 per cent cut to debts is an interim measure. "As Jason Clare has said, he's got a very substantial report in front of him, the Universities Accord Report that makes a series …

Education Fees Course Hecs University Student Norton Professor Norton

1 month, 2 weeks ago

Labor's plan to wipe millions in student debt

ABC

Sally Sara: Hello and welcome to The World Today. Sally Sara: The federal government is planning to slash the HECS debts of millions of Australian students as it seeks to reset ahead of next year's federal election. Sally Sara: That's third year art student Cooper Cross ending that report from David Estcourt. Sally Sara: That's Innes Willox from the Australian …

Spain Space Defence Trump Student Work Debt

1 month, 2 weeks ago

Economists welcome student debt repayment changes but say government could do better for students than slash HECS debt

ABC

The federal government's plan to overhaul student loan repayments has received a mixed reception from economists, who say it misses the major problem with higher education costs. "Some people are paying part of their HECS debt when they don't have enough income to justify it, so that's the most important thing," the emeritus professor said. Dr Jackson said, from a …

Labor Students Student Changes Debt Income Cost

1 month, 2 weeks ago

Albanese defends record on Qantas flight upgrades

ABC

Sabra Lane: You'll be voting in a federal election within six months, and if you saw the Prime Minister on the weekend, you'd be forgiven for thinking the campaign is already underway. Sabra Lane: But by putting it off budget, it's not included in the next budget, this current budget or the next budget forward four-year cycle. Anthony Albanese: What …

Prime University Budget Trump Debt Minister Qantas

1 month, 2 weeks ago

Albanese makes education centre of re-election policies

ABC

Sabra Lane: You'll be voting in a federal election within six months, and if you saw the Prime Minister on the weekend, you'd be forgiven for thinking the campaign is already underway. At a rally in Adelaide, Mr Albanese put education at the centre of his re-election pitch, making three big announcements promising to wipe some student university debt, change …

Education Labor Qantas Parliament Hecs Sabra Lane Isobel Roe

1 month, 3 weeks ago

Huge change coming to Aussies with HECS debts with $16billion set to be cut from student loans

Daily Mail

Aussies will have 20 per cent of their student debt wiped under a major new plan set to be announced by the Albanese Government. Aussies will have 20 per cent of their student debt wiped under a major new plan set to be announced by the Albanese Government 'Our whole nation benefits when we make it easier for people to …

Student Loans Debt Help Cent Set Student Loans

1 month, 3 weeks ago

The HECS threshold is being increased and debts are being lowered but repayment times will take longer for some under a new proposal

ABC

Over the weekend the federal government has announced plans to change student loan repayment rules, spruiking cost of living savings. If the changes pass parliament, people paying their university fees via the government's Higher Education Loan Program won't have to pay as much each year and the overall debt levels will be lowered. Prime Minister Anthony Albanese said they would …

Education Student Debt Loan Help Henderson Australians

4 months, 3 weeks ago

SBS Insight: Young Aussie Jessica Herbert reveals the one mistake she made before going to uni that has lumped her with massive debt

Daily Mail

A regretful young Aussie said she should have thought more beforehand about how much it was going to cost her to go to university after racking up $83,000 in student debt. Jessica Herbert, who works in disability and community service, said she would have pursued a career in nursing or teaching to reduce her massive HECS debt The figure is …

Student Debt Masters Cent Herbert Student Debt Hecs

6 months, 3 weeks ago

Millions of Aussie students to be hit with debt increase tomorrow - but new law offers a silver lining

Daily Mail

The average student debt of $26,494 will see an increase of $1,245 Three million students with a HECS-HELP debt will be slugged an increase on what they owe on Saturday. Students will have a 4.7 per cent indexation increase applied to their HECS debt and other higher education loans. Almost three million university students will have their student loan repayment, …

Students Student Debt Loan Help Increase Hecs

7 months ago

We asked Australians how they feel about cost-of-living measures in the federal budget. Many are in despair

ABC

It was billed as the cost-of-living budget. When Treasurer Jim Chalmers stepped up this week to unveil his government's economic plan for the year ahead, he described a responsible budget that "helps people under pressure today". "It's at the point where other friends of mine who are pensioners get so excited just when they can buy mince to make Bolognese," …

Energy Support Disability Work Relief Cost Feel

7 months, 1 week ago

Cash for Aussies: Everything that you're getting under Albanese government's latest budget

Daily Mail

The Albanese government's budget includes giving money back to families for their energy bills, a cap on the price of prescriptions, and more help for struggling renters. Treasurer Jim Chalmers handed down the Budget on Tuesday night, boasting of a $9.3 billion surplus driven by a strong labour market and increased commodity prices TAX CUTS FOR AUSSIES Labor will reduce …

Support Tax Inflation Work Debt Help Cent

7 months, 1 week ago

Budget 2024: How Aussie students are the biggest winners in Anthony Albanese's budget - here's what they are getting

Daily Mail

Aussie students are arguably the biggest winners in the Budget, with $3billion being wiped from student debt, more student accommodation, subsidised practical placements, and free courses. Treasurer Jim Chalmers’ unveiled his third federal Budget on Tuesday night by announcing a range of boosts and incentives for people with university debt and for future students who are worried about repayments. Treasurer …

Labor Students Budget Student Provide Hecs Dr Chalmers

7 months, 1 week ago

BUDGET 2024: A $300 boost for every Aussie, student debt wiped, tax cuts for millions and major change for overseas travellers: Albanese government hands down latest Budget

Daily Mail

Labor has announced major cost of living support for struggling Aussies in a pre-election pitch to Aussies as it tries to win over voters. Treasurer Jim Chalmers handed down the Budget on Tuesday night, boasting of a $9.3 billion surplus driven by a strong labour market and increased commodity prices. Treasurer Jim Chalmers handed down the Budget on Tuesday night, …

Labor Support Housing Students Tax Budget Domestic Violence

7 months, 1 week ago

HECS relief but universities, students still waiting for answers as budget reality dampens promise of historic 'accord'

ABC

In short: $1.1 billion will be spent over five years on initiatives such as HECS relief, addressing "poverty placement" and better access to courses. $1.1 billion will be spent over five years on initiatives such as HECS relief, addressing "poverty placement" and better access to courses. Loading It’s also promising a "needs based" funding system from January 2026, to boost …

Students Funding Billion Sector Accord Over Five Years Hecs Relief

7 months, 2 weeks ago

HECS indexation to be overhauled in budget with $3 billion in student debt 'wiped out'

ABC

In short : Student debts will be lowered for more than three million Australians under reforms designed to stop HECS loans growing faster than wages. Loan indexation will now match whichever is lower out of the Consumer Price Index or the Wage Price Index — which the government says will prevent another shock increase like last year's 7.1 per cent …

Students Budget Student Loans Debt Last Year Student Debt

7 months, 3 weeks ago

Once considered a good 'social policy', students say HECS loans are a burden on an entire generation

ABC

When these eleven university students finally don their graduation gowns, they will collectively owe more than $750,000 in tertiary loans. The country collects more in HECS repayments annually than it does in tax from oil and gas, and experts say hiking those taxes could pay down the HECS debt within three years. "It is obscene successive governments say they want …

Education Higher Education Tax Debt Pay Abc Hecs

7 months, 4 weeks ago

HECS-HELP debts are set to rise 4.7 per cent in June. Here's why Nellie's not paying extra this year

ABC

Editor’s note: After this story was published, the federal government proposed to change the HECS-HELP indexation rate to match whichever is lower out of the Consumer Price Index or the Wage Price Index. The release of March inflation data means student HECS-HELP debts are set to rise by 4.7 per cent on the first of June this year. It might …

Student Help Cent Rate Increase Rogers Hecs

8 months ago

HECS loans have ballooned in the past decade, leaving many workers caught in a 'student debt spiral'

ABC

Amy Jolliffe's desperation at her ballooning HECS-HELP debt of $64,000, more than twice the average of $26,494, is emblematic of the growing helplessness felt by many graduates years after they've left university. Many now feel they're in a "student debt spiral" and it shows why calls for change have grown so loud that the prime minister all but confirmed there …

Student Student Debt Leanne Spiral Hecs Debts

8 months ago

HECS debt expected to grow more than 4pc as high indexation continues

ABC

In short: HECS-HELP debts are forecast to rise between 4.2 and 4.8 per cent this year, the second-highest rise in a decade. Last year, when HECS debts increased by a record high of 7.1 per cent, her debt grew by more than $3,600. ABC News can reveal HECS debts are forecast to rise between 4.2 and 4.8 per cent this …

Pay Cent Rise Greens Per Cent Jolliffe Hecs Debts

10 months, 1 week ago

Politicians call for changes to 'unfair' HECS repayment system

ABC

In short: The government is facing growing calls to change how HELP, better known as HECS, is indexed, after current and former students were slugged with a 7.1 per cent increase last year. The government is facing growing calls to change how HELP, better known as HECS, is indexed, after current and former students were slugged with a 7.1 per …

Education Student Loans Debt Minister Cent System

11 months, 1 week ago

With a cost-of-living crisis and HECS rising, how do high school graduates of 2023 feel about their future?

ABC

Lilla Pearl Coffey graduated from a pre-university high school program in November 2023 — but didn't apply to uni. Sentiment shifts as enrolments plateau Peter Hurley, director of Victoria University's Mitchell Institute, said there's been a "sentiment shift" in 2023 school leavers — many are asking if tertiary education, and the debt that it brings, is worth it. Arts degrees …

Higher Education School University Work Cost High Feel

1 year, 6 months ago

Education minister open to changes on how indexation applies to HECS-HELP debt

ABC

Federal Education Minister Jason Clare has left the door open for changes to how HECS-HELP debts are paid back, including how indexation is applied to the original debt. Key points: The education minister says he is open to changing how HECS debts are indexed Indexation of 7.1 per cent has added $1,775 to the average $25,000 HECS-HELP debt Under the …

Labor Higher Education Student Debt Help Student Debt Hecs

1 year, 6 months ago

Student debt indexation to have lifelong impacts on Australians' borrowing capacity

ABC

More than 3 million Australians will see their student debt rise in line with inflation tomorrow, adding more than $1,000 to the average loan and sparking warnings of a lifelong impact on borrowing capacity. Key points: The average $25,000 HECS-HELP debt will rise by $1,775 because of indexation There is more than $74.3 billion in outstanding HECS-HELP debt Debts affect …

Education Student Debt Pay Cent Australians Student Debt

1 year, 7 months ago

As June 1 indexing approaches, Australian university graduates are bracing for increased HECS/HELP debts

ABC

Time is running out for 3 million Australian university graduates to slash their student debts before the federal government's multi-billion-dollar indexing bonanza, the National Union of Students says. While HECS/HELP is essentially an "interest-free" loan, the union said the high inflation environment has caused indexation to spike to one of the highest levels in decades and it has shocked students …

Students University Student Debt Newman Paying Supplied

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Articles for Hecs

One-off HECS debt cut a placeholder as government looks to change university course fees

Labor's plan to wipe millions in student debt

Economists welcome student debt repayment changes but say government could do better for students than slash HECS debt

Albanese defends record on Qantas flight upgrades

Albanese makes education centre of re-election policies

Huge change coming to Aussies with HECS debts with $16billion set to be cut from student loans

The HECS threshold is being increased and debts are being lowered but repayment times will take longer for some under a new proposal

SBS Insight: Young Aussie Jessica Herbert reveals the one mistake she made before going to uni that has lumped her with massive debt

Millions of Aussie students to be hit with debt increase tomorrow - but new law offers a silver lining

We asked Australians how they feel about cost-of-living measures in the federal budget. Many are in despair

Cash for Aussies: Everything that you're getting under Albanese government's latest budget

Budget 2024: How Aussie students are the biggest winners in Anthony Albanese's budget - here's what they are getting

BUDGET 2024: A $300 boost for every Aussie, student debt wiped, tax cuts for millions and major change for overseas travellers: Albanese government hands down latest Budget

HECS relief but universities, students still waiting for answers as budget reality dampens promise of historic 'accord'

HECS indexation to be overhauled in budget with $3 billion in student debt 'wiped out'

Once considered a good 'social policy', students say HECS loans are a burden on an entire generation

HECS-HELP debts are set to rise 4.7 per cent in June. Here's why Nellie's not paying extra this year

HECS loans have ballooned in the past decade, leaving many workers caught in a 'student debt spiral'

HECS debt expected to grow more than 4pc as high indexation continues

Politicians call for changes to 'unfair' HECS repayment system

With a cost-of-living crisis and HECS rising, how do high school graduates of 2023 feel about their future?

Education minister open to changes on how indexation applies to HECS-HELP debt

Student debt indexation to have lifelong impacts on Australians' borrowing capacity

As June 1 indexing approaches, Australian university graduates are bracing for increased HECS/HELP debts