NAB introduces HELP debt servicing changes

The major bank is following regulator recommendations and implementing student debt servicing assistance to help boost home ownership. NAB will no longer consider Higher Education Loan Program (HELP) debt in home loan servicing if they owe $20,000 or less, effective from 31 July. Matt Dawson, NAB’s executive for home ownership, said these changes will help…

How the student debt cut still fails students

As promised, Labor’s first act in the 48th parliament was to cut 20 per cent off all student debt. It’s a long-overdue move and undeniably welcome. Students have spent years shouting into the void about the rising cost of degrees, and this announcement suggests that some people in Canberra might finally be listening. Or, at…