‘I’d find more money on the ground’: Aussies weigh in on HECS ...

6 days ago · “$26! I’d find more money on the ground,” one vented. “I have a $25k debt and they wiped just over a thousand off. Weird that it doesn’t work out the same percentage for everyone,” one ...

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‘I’d Find More Money On The Ground’: Aussies Weigh In On HECS ...

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$400 HECS Refunds Hit Aussie Accounts In Surprise ATO Christmas …

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6 days ago · Aussies urged to check ATO accounts. Aussies with outstanding HECS debts have been urged to check their loan balance on their ATO account via myGov. The government …

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Warning HECS Debt Relief Will Only Be Temporary - News.com.au

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May 12, 2024 · Clare Megahey is one university graduate who has racked up a HECS-HELP of more than $50,000. When her university debt was slugged with a 7.1 per cent increase last …

news.com.au

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Young Aussies Complain $3 Billion HECS Lifeline 'not Enough'

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Australians saddled with stifling HECS debts still fear a plan to wipe $3 billion off student loans isn't enough to help them.The 2024 federal budget includes a plan to change how student …

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HECS-free Aussies Rage Over Labor's $16 Billion Plan: 'I Just Paid Off ...

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Common cashless issue blasted as Aussies overlook major payment issue: 'Hidden' Aussie's simple $27 hack to save $10,000 in a year "At 7.1 per cent indexation, you're getting a better …

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Andrew Giles Has Come Out Swinging In Support Of The HECS Relief …

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Nov 9, 2024 · The greater the loan amount the more that would be saved, with Aussies owing $60,000 plus seeing more than $12,000 wiped off their loan. Both the Liberals and Greens …

news.com.au

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Labor Promises To Slash HECS Debt By 20 Per Cent In A ‘massive ...

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Nov 2, 2024 · Individuals with a HECS debt of $27,000 – the average student loan debt – will save $5,000 as a result of the change, while Australians with a student debt of $50,000 will …

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$3 Billion Worth Of HECS Debts To Be Wiped Out For Millions Of

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About $3 billion worth of student debt will be wiped for more than three million Australians struggling with a cost of living crisis. The government will eliminate $3 billion in HECS debt by ...

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Cash Boost For Millions Of Aussies In Major $3 Billion HECS Change ...

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Nov 26, 2024 · Millions of Aussies will get a reduction in their HECS debts after the government's legislation passed through parliament. (Source: Getty) Labor's plan to wipe $3 billion off the …

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Thousands Of Australians Saddled With More Than $100,000 In …

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Over the past five years Australia’s total HECS-HELP debt figure has risen from $66.6 billion to more than $81 billion. On June 1 this year, 2.9 million people were hit with a brutal increase to ...

news.com.au

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Why Australia’s Happiest Students Have The Highest HECS Debt

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Nov 4, 2024 · If they take out a HECS loan, the 20 per cent loan fee takes the cost up to $122,644. A student at nearby Griffith University pays fees of $67,968 with no loan fee.

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“will Cut Around $3bn In Student Debts Through A Key Change To …

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It seems they've left the biggest failure of the system on place. Your employer takes money out of your pay for HECS every month. Yet in the current system your loan is indexed on the amount …

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FAQs about ‘I’d find more money on the ground’: Aussies weigh in on HECS ... Coupon?

Are Aussies getting money taken off their HECS debts?

The fact Aussies are now getting money taken off their HECS debts has become an enormous conversation online, but not everyone is happy. Libby Barret took to social media to express dismay at having only $75 taken off her $20,000 student debt. ...

Will the HECS indexation law be a big win for Aussies?

The government wanted to backdate the changes to last year's indexation, which should knock $1,200 off the average $27,000 HECS bill. Teal MP Dr Monique Ryan told Yahoo Finance the law will be a huge win for Aussies who have stressed about whether they'll ever truly pay off their HECS debt. ...

How much HECS debt will be wiped out in Australia?

About $3 billion worth of student debt will be wiped for more than three million Australians struggling with a cost of living crisis. The government will eliminate $3 billion in HECS debt by capping the student loan indexation rate. Credit: Lukas Coch/AAP ...

Why are Aussies waking up to hundreds of dollars in bank accounts?

Aussies have woken up to hundreds of dollars in their bank accounts in an early Christmas present. The Australian Taxation Office (ATO) has begun issuing refunds to Aussies after the government changed the way student loans are indexed. ...

Will the HECS overhaul save Australians at tax time?

The HECS overhaul will save millions of Aussies at tax time. “Those that paid off their outstanding HELP loan between 1 June 2023 and the time the legislation is passed will be eligible for a tax credit,” a spokesman confirmed. So instead of the relief being applied to an outstanding HECS or HELP loan balance, it will be applied at tax time. ...

How much would a $5520 HEC loan save Australians?

With the government using the $5520 off the typical $27,600 HEC loan. The greater the loan amount the more that would be saved, with Aussies owing $60,000 plus seeing more than $12,000 wiped off their loan. Both the Liberals and Greens have attacked the policy for varying reasons. ...