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November 16, 2024 03:30 | News As political parties squabble over wiping university student debt, new figures show paying off a HECS loan may impact graduates’ borrowing power for a mortgage by almost $100,000. Research from Compare the Market revealed a university student paying off an average HECS debt of almost $26,500 had a reduced […]
Labor has promised to slash 20% off all student loan debts if elected, wiping around $16 billion of debt for about 3 million Australians. Under a new system, the remaining debt would be repaid with no compulsory repayments for people earning less than $67,000 a year. Both measures would need parliamentary approval, but is this […]
Normal text sizeLarger text sizeVery large text size So the HECS debt saga goes on (“Radical HECS cut on Labor’s agenda”, November 1). Just cancel any interest payments on the original debt and thousands of professionals will return to Australia to fill so many vacant positions, especially in nursing and teaching. It’s not rocket science, […]