Australians could be about to see a discount on their student debt for the first time since 1997, thanks to the coronavirus

Outstanding Australian student debts could fall on their own this year, if the economy continues to decline.
The nations HECS-HELP debt is fixed to the growth in the consumer price index (CPI), which fell by its largest margin in more than 70 years in June.
If the next three quarters dont erase the fall, outstanding HECS-HELP debts will automatically reduce.
However, the resulting deflation would have far reaching negative implications for the Australian economy that would dwarf the benefit of reduced student debt.
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The nations former students could be in for a tiny bit of debt relief as Australia wrestles with a prolonged recession.

Many are accustomed to seeing their deb…

Australians could be about to see a discount on their student debt for the first time since 1997, thanks to the coronavirus – Business Insider Australia