HECS-HELP debt to increase with indexation

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HECS-HELP debt to increase with indexation

HECS-HELP debt to increase with indexation

The increase in HECS-HELP debts may once again be outpacing the payments with the release of CPI figures. While an increase of 4.7% on 1 June 2024 is smaller than the 7.1% indexation rate in 2023, it is still a large jump from the 1-2% rate over the previous 10 years. Students that can are encouraged to make a voluntary repayment to reduce the amount of indexation applying to the loan balance prior to 1 June. It is recommended that this repayment is made at least 4 business days prior to the deadline.

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