$3 billion lifeline to reduce HECS-HELP debt explained
Millions of Australians are set to have $3 billion worth of HECS-HELP debt wiped under a plan to revamp student loan indexation. The move was confirmed as Treasurer Jim Chalmers outlined the 2024 Federal Budget on Tuesday night. Instead of interest, student debts rise each year in line with the consumer price index (CPI). But…