“A stab in an open wound”: why your student loan is blowing out today

Today student debts will increase by 7.1% for more than three million Australians thanks to indexation. The average national student debt is $24,770.75 and will be increased by an extra $1758.72 .

We speak to the creator of the HECS-HELP system Bruce Chapman about whether he thinks the current system should remain as is, and former student Hanna who’s furious at the increase.

Headlines:

• RBA governor cops criticism for housing comments
• PwC to name and shame partners
• Government to crackdown on tobacco
• The Office is getting an Australian adaptation
• Queensland takes down the Blues in Origin I

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