Australians saddled with stifling HECS debts still fear a plan to wipe $3 billion off student loans isn’t enough to help them. The 2024 federal budget includes a plan to change how student loans are indexed, which will take off roughly $1,200 from the average Aussie’s HECS-HELP debt.
Yahoo Finance has been inundated by people who feel burdened by their student debt. Some have gone the extra mile to pay it off, while others felt helpless as their balances increased, despite regular payments.
The proposed changes have been welcomed by many, but some, including a young Aussie teacher, said the government “needs to do a hell of a lot better”.
