The government is finally making moves on that student debt relief they’ve been teasing us with for months. Today, they’re dropping a bill in Parliament that could potentially wipe $3 billion off our collective HECS-HELP debts. Let’s break down what this means for your wallet and your future.
What is the new HECS bill?
The government is introducing legislation to change how HECS-HELP debts are calculated, a move they first announced back in May. The big focus here is on indexation – that annoying annual increase that makes your debt grow even when you’re not looking. Currently, HECS-HELP debts are tied to inflation,…
