HECS changes to see $3 billion in student debt 'wiped out'
HECS changes to see $3 billion in student debt 'wiped out'
www.abc.net.au
HECS changes to see $3 billion in student debt 'wiped out'
7 comments
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I got a fairly sizable hecs debt that took me quite a while to work off. I'm glad folks are getting a bit of help, it really sounds like it should have worked like this since they introduced indexation to hecs to be honest.
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Being clear: nobody is getting their debt "wiped out". This isn't a debt forgiveness that you missed out on by already having paid your loan off. The HECS indexation last year resulted in unfair loan interest of 7.1% being applied to debts for 2023. HECS was never intended to do that to people. The "wipe out" is an adjustment of this interest only for last year.
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Good
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This is the best summary I could come up with:
"This will wipe out what happened last year and make sure it never happens again," he said.
The original article contains 17 words, the summary contains 17 words. Saved 0%. I'm a bot and I'm open source!
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The original article contains 17 words, the summary contains 17 words. Saved 0%.
Good bot!
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7 comments
Excellent!
Yeah that's pretty good especially for people who made extra payments that year.