The ATO Is Rolling Out The 20% HECS-HELP Debt Cuts: Here's What You Need To Know
The ATO Is Rolling Out The 20% HECS-HELP Debt Cuts: Here's Wh…
5 months ago
pedestrian.tv
If you have a student debt, things are changing with your repayments, and it could mean your debt gets paid down faster 🎓 Every June HECS debts are indexed and bumped up a few percentage points to make sure the amount owed keeps up with inflation. For almost 35 years indexation has been calculated based on the Consumer Price Index, which is now at historic highs. Last year's 7.1 per cent increase was the largest hike since 1990 leaving some in a debt spiral with loans increasing faster than the
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Are you making a mistake paying off your HECS debt? Our team knows how to negotiate with banks so they don’t consider this liability. Yes, HECS/HELP reduces borrowing capacity but our lending team can apply for a loan with the debt paid off in principal giving you flexibility based on the property you find, so you’re not paying off your HECS for no reason. Our team analyses each strategy to see what aligns with your goals. The bio link will give you access to our exclusive event to learn more.
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