More than 3 million Australian college students will possible see a big improve to their HECS debt within the coming months.
The HECS debt, which is listed to inflation, reached a decade excessive of three.9 per cent final 12 months and will attain 7 per cent this 12 months.
Two-thirds of submissions to a Senate inquiry got here from distressed debtors – with college students saying they’re involved about their repayments.
The Greens and National Union of Students are calling for the federal government to abolish indexation and lift the minimal compensation earnings.
Source: www.news.com.au
