HECS debts to rise by 4.7pc, or $2350 on average, on June 1

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There may be relief for student debt-holders in the upcoming budget, but it won’t come soon enough to prevent a 4.7 per cent hike.

, it is likely that this year’s indexation will stand, and any new measures will be applied in future years.

“Changes to make HELP simpler and fairer would make a big difference to people’s lives,” Mr Sheehy said.

 

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