Calls to cap student debt indexation after latest rise
by @MichaelWestBiz
@MichaelWestBiz— Graduates paying back their university debt should be given guarantees their loans will not rise above a certain level, higher education experts say, after another spike in indexation. Debt levels for HECS will increase by 4.7 per cent from June 1, following the release of official inflation figures that highlighted how stubborn prices pressures are. […]
Washington Examiner—Student debt is bad, student debt bailouts are worse. Student debt, a new Gallup report shows, is making it harder for young people to reach key life milestones. According to a Gallup survey of over 14,000 adults, over 70% of people say student debt has “delayed major life events” including moving out of their parents’ home, getting married, and having a child. Strikingly, there […]
The Guardian—Hecs/Help debt to rise by 4.8% in June as indexation lifts average loan by more than $1,200. Greens criticise Albanese government’s ‘abysmal lack of action’ as CPI figures show education costs driving up inflationFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastMillions of Australians with student loans will be hit by increases of more than $1,000 in June, new figures show, as calls grow for the commonwealth to act on a growing “debt spiral”.Quarterly figures, released by the Australian Bureau of Statistics on...
Kiplinger—Nearing Retirement With Student Loan Debt? What You Can Do. Many older adults will struggle with rising costs (health care and otherwise) and not enough savings. Here’s how they can manage lingering student debt.