Gloomy financial outlook for students with HECS debt

These engineering students at Sydney's University of Technology face increasing HECS debt (Getty) Source: Getty / View Pictures/Universal Images Group

Student debt in Australia is set to soar by $4.5 billion this year, as indexation is applied to HECS loans at the start of June. As the cost of living continues to soar, there are calls for the government to address what some student unions and charities are calling a debt crisis. But Labor has no plans to change the system.

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Published 24 April 2023 9:15am

By Deborah Groarke

Source: SBS News

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Student debt in Australia is set to soar by $4.5 billion this year, as indexation is applied to HECS loans at the start of June. As the cost of living continues to soar, there are calls for the government to address what some student unions and charities are calling a debt crisis. But Labor has no plans to change the system.

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