When you should pay off your HECS/HELP debt
There were 2.9 million people with outstanding student debt in 2022-2023. The average HECS/HELP (Higher Education Commonwealth Support/Higher Education Loan Program) debt for this cohort was $26,494. 21% of the cohort had debts above $40,000. We’re often told that there’s good debt and there’s bad debt. Bad debt includes credit cards, personal loans – any…