Faced with years of repaying a student loan under rapidly rising indexation, University of Melbourne graduate Jonas Darmos decided to pay his off fast.
He used his personal savings and a loan from his parents, which he has now repaid, to clear his HECS-HELP debt of around $35,000 just six months after graduating in 2022.
The federal government’s new legislation, introduced to parliament on Wednesday, aims to reduce student loans by 20 per cent of their value as of June 1, 2025, and would have saved Mr Darmos thousands of dollars.
Jonas Darmos paid off his student debt in full shortly after graduation. (Supplied: Jonas Darmos)
Mr Darmos, though, was trying not to dwell on the timing and instead enjoyed the benefits of having cleared his…