On 1 June last year, indexation was applied on my then HECS-HELP debt of $87,722 at 7.10 per cent. This resulted in a $6,228 debit being applied to my HECS-HELP account. If the same indexation rate is applied this financial year, my HECS-HELP debt will increase again, to $94,863. HELP indeed! I’m not the only…
Students and recent graduates saddled with ballooning debts and those partaking in placements for subjects like teaching and nursing are in line for relief in the upcoming federal budget. Speaking to reporters in Canberra, Treasurer Jim Chalmers hinted at measures designed to ease education costs at a time of heightened inflationary pressures. “Whether HECS relief,…
We’re crying out for HELP: Student debt to be indexed by 4.8 percent Woroni Read the original article here
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Halfpoint Images | Moment | Getty Images With the federal government’s ability to forgive student debt up in the air, experts say it would behoove borrowers to explore the many state-level relief programs available. “Most states have one, especially if you’re in health care,” said Betsy Mayotte, president of The Institute of Student Loan Advisors, a…
MGM has responded to the rumor about Bruno Mars owing millions in gambling debt. In a statement to ET on Monday, MGM Resorts International denied the performer is in debt with the hospitality empire amid a NewsNation story that alleged Mars owes up to $50 million in gambling debts. “We’re proud of our relationship with Bruno Mars, one of the…
People in NSW lost a record $8.1 billion on poker machines last year, with the heaviest losses suffered in Sydney’s most disadvantaged neighbourhoods, new data reveals. Anti-gambling group Wesley Mission also found the number of poker machines in NSW grew by almost 1000 to 87,545 in 2023, despite a state government commitment to reduce the…
“We don’t know any of the detail yet,” he said. “It would be nice if we had a timeline. It would be nice if we at least had a framework for the characteristics of how this is going to work.” But the budget papers predict that the further reforms will start to reduce gambling losses…