Average HECS debts to rise by $2350 on June 1

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Apr 24, 2024 - 5.31pm

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University graduates with an average student loan of $50,000 will be slugged with another $2350 increase from June 1.

The nearly 3 million people who have a Higher Education Loan Program debt - better known as HECS - will be hit with a 4.7 per cent indexation, which was determined by the Education Department on Wednesday, following the release of March quarter inflation figures.

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