Help debt not helpful
Students face 3.2% debt hike before repayments, senator demands fairer system.
Student debts will go up by 3.2% today, making debts increase before annual repayments have been processed.
Senator Tammy Tyrrell, Independent Senator for Tasmania, once again calls on Labor to address the timing of indexation on HELP debts.
“HELP debts aren’t actually very helpful.
“Today students are watching their debts go up, with the money they’ve paid through the year nowhere in sight.
“Banks reduce your loan before charging interest. Credit unions do too. Just not the Government, who pretend someone’s repayments don’t exist. It’s costing students thousands of dollars all because Labor is too lazy to fix its accounting.
“Labor’s HELP debt changes are one-off sugar hits. If they’re genuine about making a difference for students, they could fix this rigged system when Parliament returns. Just count someone’s payments before interest is charged.”
1 June 2025
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