Labor Fumbles HECS Debt Relief for 3M Aussies

The Albanese Government has botched its Budget commitment to cut student debt for three million Australians with the ATO confirming HELP loans will rise by 4.7 per cent from 1 June 2024, rather than the 4 per cent increase Labor promised. Shadow Minister for Education, Sarah Henderson, said Labor’s go-slow on student debt reform means…

Reps advocate judicial taskforce to aid AMCON debt recovery

The House of Representatives Committee on Banking and Other Ancillary Institutions has called for the creation of a judicial task force specifically dedicated to the trial of cases involving the Asset Management Corporation of Nigeria. This move is intended to expedite the resolution of AMCON cases, many of which involve significant financial recoveries for the…

Government flags changes to HECS and placement pay

In short: the government has received recommendations from a major review of the university sector. Proposed changes include additional financial support for low-income students, and a new method for calculating HECS repayments. What’s next? Education Minister Jason Clare said the government would respond to the recommendations “in the next couple of months”. University students could get cost…