Australians with student loan debt have been warned not to expect to see a HECS or HELP loan credit on their tax returns in the coming weeks.
hecs
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You're counting down till Stage 3 tax cuts hit your pay, but what will tax time hold for students, small business owners and low-income earners?
A university graduate with the average HECS-HELP debt of $26,500 will have around $1200 wiped from their outstanding balance under student debt reform.
Millions of Aussies with outstanding HECS-HELP debts will see their balances rise by 4.8% on June 1 this year after the latest indexation rate was revealed.
Failing university subjects and dropping classes at the wrong time can add thousands of dollars - and years of repayments - to your HECS-HELP debt.
Should Josh focus on saving a house deposit, contributing extra to his super balance, or paying off his HECS balance?
So your tax refund seems about $1500 lower this year? You're not imagining it. Aussies have been warned to expect smaller refunds.
A $10,000 HECS-HELP balance will jump by $710 from June 1, so is it time to start repaying your university debt early?
Melinda's daughter is saving for a studio, but she owes $40,000 in HECS and $15,000 on her car. Does Paul Clitheroe think Melinda should help pay the debt?
A big jump in the indexation rate has uni students and graduates asking, it is time to repay your HECS-HELP debt early?
