Universities Accord panel chair Dr Mary O’Kane has urged authorities to look at the impact of HECS-HELP on home loan assessments as young people struggle to enter the housing market.
Australians paying off university debts could save $1000 or more by mid-year under a fee overhaul that Education Minister Jason Clare calls a cost-of-living fix.
Bills stack up quickly. One third of full-time students are stressed about money – and nearly half are struggling with rent.
Opting to pay off your HECS debt before saving for a house may not always be the right move.
Some arts and communications students now have HECS debts in excess of $40,000. Do they have any regrets?
Our current student loan system is getting in the way of creating a more educated Australia. It’s time we revised it.
Not only do they miss out on many tax concessions,young people are also getting slammed by “bracket creep” and soaring HECS debt.
Those after a career change used to be able to complete a one-year diploma of education to become a teacher in WA,now it’s a two-year master’s degree. Has that change helped? Not really,says the state’s education minister.
The bank of mum and dad is not extending its generosity to paying down student debt despite this year’s large increase in the indexation rate applied to the debt.
If you’re thinking of giving your kids a financial gift,consider helping pay down their HECS debt.
Thousands of young people studying law,arts,commerce or economics will keep paying $15,000 a year,as the government waits on advice about restructuring fees.