HECS-HELP +

poll HECS-HELP “Loan Forgiveness” Thoughts - Good or Bad

Curious what OzBargainers think of the various HECS-HELP loan forgiveness programs the Labor Government is buying votes with has announced over the past few months. My wife saw an article on facebook …

HECS Indexation June FY24 Credit

According to today’s news, those with a HECS debit that were indexed June 2023 at 7.1% will be backdated with credit. On the SBS page a paragraph states All HELP debts that were indexed in …

What's The Best Way to Pay off HECS and Earn Qantas Points?

Hey all, coming to that time of year where some of must decide to either pay off some or all of our HECS debt before the indexation hits. I've done some research but end up getting lost with …

Paying off HECS V Leaving Money in Offset

Hi I'm trying to decide whether to pay off my remaining HECS debt or just leave the money in my mortgage offset account. I have an investment property and I have $140k in savings in my offset …

How to Stop Paying HECS Loan

After 25 years I have finally payed off my HECS debt! How do I go about stopping the $360 P/FN from coming out of my wages? Do I contact the ATO or is it perhaps a payroll query at my …

Cheapest Way of Paying HECS down before Indexation

Hi everyone, My partner is looking to pay off a large chunk of her HECS before the indexation and she had been thinking of signing up for an introductory 0% credit card and paying the limit off the …

poll Anyone Else Scurrying to Pay off Their HECS Debts by The End of This Month to avoid 7.1% indexation?

As per title, here is seven more words to post

HECS Advice- Moving Overseas- Pay off or Not

Hi there fellow OzBargainer's I hope you are all well. This is my first post in a very very long time…… Recently I have accepted a position overseas. We have sold our house for good …

QFF Points for Paying HECS Debt

Hi all, Just curious, I have been eyeing the countless credit card deals with introductory offers awarding 1,000s of Qantas Frequent Flyer points for $3,000 spend in 90 days, for example. Would …

HECS Voluntary Payment/Adjustment Timing

Morning, TDLR If I make a voluntary payment towards which pays off my HECs now, I avoid indexation and save $210? I am due to pay off my HECS debt this financial year. Am I correct in my current …

Should I Pay off My HECS Debt (as a Current Student) ?

Hi everyone, With HECS indexation soaring to 7.1% scheduled next month, would it be advisable to pay it off before it gets indexed? I have a ~20k HECS debt, and I still have 4 semesters left before …

How to Pay off ATO HELP Debt Using a Credit Card?

Hello Ozbargainers, I am looking to pay off my student loan HELP debt as it will increase by ~7% this year due to inflation on the 1st of June. I also want to accumulate frequent flyer points with a …

Make 9% Post Tax Saving in Interest before 1 JUNE 2023 on HECS

Listening to the Money Cafe, they indicate for anyone with a HECS debt, the amount will go up by inflation on 1 JUNE 2023. The amount increase only happens on that day, once a year. This may be as …

Should I Pay My 12k HECS Debt off or Take It to The Grave?

Hey all, With the index moving up to 3.9% should I pay my HECS debt off and be done with it. I have the required cash sitting in a savings account and that won't need to be touched for …