The Albanese government’s promise to cut student debt by 20% has attracted a lot of attention – especially among medical professionals carrying large HECS-HELP balances. With indexation and debt repayments top of mind for many, understanding where this proposal stands (and what to do in the meantime) is essential. Here’s the latest: Has the 20%
One of the most frequently asked questions our financial advisers hear is: “Should I repay my HELP debt (Higher Education Loan Program) early?” This question has gained more relevance recently, particularly due to the significant 7.10% increase in HELP debt indexation during the 2022/2023 financial year. Fortunately, the Federal Government has proposed changes that aim