HECS loans have ballooned in the past decade, leaving many workers caught in a ‘student debt spiral’
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. High inflation has meant the annual indexation — 7.1 per cent last year — is growing their debt faster than they can pay…