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When compared with countries like the US, Australians have often felt pretty chuffed about our student loans system. HECS, devised in 1989 − and known as HECS-HELP since 2005 − has long been considered a relatively fair scheme, to the point where many advocates label it as “the best debt you can have”.
Australia has a pretty good student loan scheme, but it’s affected by inflation.Credit: Michael Howard
Of course, the best debt is no debt (looking at you, Baby Boomers who had the benefit of free uni), but all things…
