The student loan debt of nearly three million Aussies is set to rise today as part of the government’s annual indexation. HECS-HELP debt gets indexed every year on June 1 against the consumer price index (CPI) to make sure the loan is keeping pace with inflation.
Yahoo Finance has been inundated with messages from Aussies all across the country about how the debt has impacted them. Some have put off going to university altogether because they are worried about accumulating debt, while others have delayed buying a home or even starting a family due to the loan.
Sadly for them, their HECS pain is about to get worse.
