Show thread☮ ♥ ♬ 🧑‍💻2d ago

Day 18 🎓👩‍🎓👨‍🎓💰💰💰💰💰

“#Labor has promised to wipe 20 per cent of all HECS debts if elected, but the #Coalition (#LNP, #Liberal, #Nationals) has labelled the policy "profoundly unfair" saying it'll give some of the country's highest earners a boost and penalise those who swiftly paid what they owed.

It comes as new research shows the time it takes to pay off #HECS debts has increased while the earning premium for #graduates halved over the same period.” — #ABCNewsAustralia

A reminder, most #Politicians all sides with the exception of #Littleproud, proudly wear their University educational achievements they earned with little or no HECS debt.

#AusPol / #education / #training / #costs <https://youtube.com/watch?v=LH8-u0RFtm0

HECS debts front and centre for young voters in the Federal Election | ABC NEWS

YouTube
Show thread☮ ♥ ♬ 🧑‍💻Apr 1

Day four: 🍻🍺 vs 🎓💰

While some issues are being discussed, one isnt HECS DEBT. We can talk about having a beer with the Prime ministerial candidates but not EDUCATION costs and spiralling debt.

While we’re at it. UNEMPLOYED? Has the living allowance been raised? At all, does it match inflation? Is it below the poverty line?

#PubTest / #PrimeMinister / #HexDebt / #HECSDebt / #HECS / #University / #Unemployed / #PovertyLine / #LivingWage / #LukasCoch / AAP <https://theguardian.com/australia-news/commentisfree/2025/apr/01/from-babysitting-to-keeping-a-secret-the-pm-is-preferred-but-it-is-the-literal-pub-test-where-albo-stands-out>

From babysitting to keeping a secret, the PM is preferred. But it is the literal pub test where Albo stands out

Being a preferred drinking buddy does not win you an election, but it does signal who the electorate is willing to spend more time with

The Guardian
MHLoppyFeb 11

Banks will be told to disregard student loans in mortgage tests

Banks will be told to disregard student loans in mortgage... #australia #hecs #apra #costofliving

https://www.abc.net.au/news/2025-02-11/banks-to-be-told-to-disregard-student-loans-in-mortgage-tests/104925006

Jim Chalmers tells regulators to advise banks to disregard HELP debts in mortgage applications

APRA will also clarify that property developers do not need to have sold all units off the plan to get a loan.

ABC News
Dr Micha CampbellDec 12

Nice, $1000 off my HECS/HELP thanks to the changes in the indexation. Kind of bummed not to be working in Aus at the moment as I'd have paid it off this yr :(

#HECS

Warren McDonaldNov 11

This one from First Dog is brilliant

https://www.theguardian.com/commentisfree/picture/2024/nov/11/good-news-kids-the-government-is-going-to-do-something-about-your-massive-hecs-debt

#auspol #hecs

Good news kids – the government is going to do something about your massive Hecs debt!

Just don’t read the fine print

The Guardian
roodNov 11

I'd rather see people that have never earned an above average wage cleared of their HECS debt. Obviously, it was never of benefit to them, and we held them back from earning a wage sooner for no reason.

10 to 20 years or else it's not a valid debt.

#HECS

Leila BalcombeSep 24, 2024

⚠️ HECS-HELP Update! The govt is planning changes that could slow down how fast your student debt grows - saving grads ~ $1200/ year! this affects anyone with HECS, especially as debt impacts big life steps like getting a mortgage. Stay informed cuties 💸 .

🌐 For more information visit - https://www.sbs.com.au/news/article/how-does-a-hecs-debt-affect-your-home-loan-borrowing-power/htrpoqtpk

#HECS #studentdebt #unilife

How does a HECS debt affect your home loan borrowing power?

A new bill proposes changes to indexation for student debt. But how is student debt affecting the lives of graduates right now?

SBS News
Peter RileySep 15, 2024

https://www.theguardian.com/australia-news/2024/sep/15/alice-lives-off-grid-but-not-by-choice-hecs-for-households-could-radically-improve-her-dilapidated-home

#housingcrisis #offgrid #renewables #solar #hecs #pensioners #NDIS

Alice lives off-grid, but not by choice. ‘Hecs for households’ could radically improve her dilapidated home

For most of her life she’s lived without running water, electricity and a fridge. Her toilet is often clogged so she goes to the bathroom in the bush

The Guardian
Mojo ♻️May 12, 2024

#Norway taxes its #fossilfuel industry and offers free #university degrees to students, while #Australia subsidises fossil fuel expansion and imposes high costs on university education for its youth. Budget allocations reflect choices and priorities, revealing significant differences between the two nations.
Is the government taking more from students through #HECS than it collects from the #Petroleum #Resources Rent Tax? #prrt #auspol

https://www.abc.net.au/news/2024-03-07/fact-check-hecs-prrt-richard-denniss-australia-institute/103553434

Is the government taking more from students through HECS than it collects from the Petroleum Resources Rent Tax?

Executive director of The Australia Institute, Richard Dennis, says the government collects more money from HECS than the PRRT. RMIT ABC Fact Check runs the numbers.

ABC News
frankcatMay 6, 2024
Indexing of #HECS fees is totally disgusting - especially when we collect more money from HECS fees than from the Petroleum Rent Resources Tax ((PRRT) - Gough must be turning in his grave.