Push to save students $3.2 billion on HECS debts
Independent MP Monique Ryan has introduced a private member's bill to change the HECS debt indexation date from June 1 to November 1, a move that could save students $3.2 billion. The current system applies annual indexation before the previous year's repayments are credited, calculating interest on a higher loan amount. The bill requires support from major parties to pass.See omnystudio.com/listener for privacy information.
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