Student debt indexation to have lifelong impacts on Australians' borrowing capacity – ABC News

More than 3 million Australians will see their student debt rise in line with inflation tomorrow, adding more than $1,000 to the average loan and sparking warnings of a lifelong impact on borrowing capacity. Key points: The average $25,000 HECS-HELP debt will rise by $1,775 because of indexation There is more than $74.3 billion in outstanding HECS-HELP…

Debt Limit Bill Heads to Key Committee in First Test of G.O.P. Support – The New York Times

Some Republicans on the panel have already come out in opposition to the package, raising early questions about its fate. Legislation to raise the government debt ceiling and set federal spending limits begins its obstacle-laden route through Congress on Tuesday with consideration by a crucial panel where it will face its first test, as congressional…

McCarthy and Biden's debt ceiling deal could impact student-debt relief, food stamps – Business Insider

Kevin McCarthy with President Joe Biden at an Oval Office meeting on the debt ceiling on May 22.Saul Loeb/AFP/Getty Images Redeem now Biden and McCarthy finally reached a deal to raise the debt ceiling on Saturday night. The deal strengthens work requirements on welfare programs and codifies the end of the student-loan payment pause. The…

Nick Bruining: Paying off HECS or HELP debt before June 1 inflation blow could cost you more down the road – The West Australian

Camera Icon If you can make a payment before the June 1 rate adjustment blow, it could save you thousands of dollars in the long term. But be careful you dont upset other plans in your enthusiasm to clear the debt. Credit: Engin_Akyurt/Pixabay (user Engin_Akyurt) Share to Facebook Share to Twitter Email Us Copy the…