Show threadDave HollandJan 27
@andyjennings
IMHO…
While #PaulKeating may, on this occasion, agree with my views of #AUKUS; I am not going to listen to the views of the guy that introduced one of the most regressive taxes in #Australia - #HECS (and no, I don’t have, nor have ever had HECS debt)
He is a selfish, self opinionated arsehole that also managed to personally amas a private fortune while on a politician’s income.
The legacy of his demeaning of education and learning that is outside of universities has contributed to our lack of support for careers that are critical to our wellbeing as a nation.
His judgements of other politicians says more about him than them.
Rant Over.
#AusPol
Aby Has Risen!Nov 28

Dear Australian government,

I would really like you to send me a letter telling me that you are completely wiping my HECS debt.

Failing that, I would like you to send me a letter telling me that you are reducing my HECS debt by 20%.

Thanks.

#AusPol #Australia #HECS #Academia #Uni #university

Fraser TweedaleJul 31, 2025

The study loan (#HECS) repayment changes are now law. Here's how to calculate your repayment using the #Haskell *tax* library:
```
help = lesserOf ((flat 0.1) (marginal [(67000, 0.15),(125000,0.02)])
due = min helpBalance (getTax help repaymentIncome)
```
https://hackage-content.haskell.org/package/tax

Have fun!

tax

Types and combinators for taxes

Hackage
Frank’s TingJul 22, 2025
“The core of the problem is indexation. Unless indexation is removed, students will be in this hamster wheel always chasing their debts, which keep getting bigger and bigger.” #HECS https://www.theguardian.com/australia-news/2025/jul/22/hecs-debt-bill-legislation-labor-coalition-support
Labor’s bill to slash Hecs debt likely to pass with Coalition support despite Greens demand to end indexation

Legislation expected to deliver savings of about $16bn, and lift the repayment threshold for taxpayer-supported loans from $54,000 to $67,000

The Guardian
"Musty Bits" McGeeJul 15, 2025
Peak. #Straya #Australia #HECS #Uni #University
MHLoppyFeb 11, 2025

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, 2024

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, 2024

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, 2024

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