Australia's largest stock trading and investment forum Australia's #1 stock forum

Coles issues warning on price increases, page-21

First 21 Last

Share
Profile

Follow
mickban

12,281 Posts.

165

02/06/22

14:54

Post #: 61782154
Share

Originally posted by chappy58 ↑

I thought they were going to make free Uni free,
At the rate below it will add $3692 onto my son inlaw for this coming year, and about $2000 each for both my sons.
I'm sure they will all be happy with all that.
Labor’s policy change would come at a time when the Australian Taxation Office has raised the repayment rate for HECS debt to 3.9 per cent, up from 0.6 per cent the previous financial year.
Indexation is added to student debt each year on June 1 to bring the amount into line with its real value by adjusting it to the cost of living.
The average HECS debt in Australia is about $23,685.
When the repayment rate was 0.6 per cent that would have added $142.11 to a person’s HECS balance in a year.
But now that it’s 3.9 per cent it means a person with that level of student debt will have $923 added to what they owe.

Expand

100% My daughters was the same and she is saying to me WTF is with Labor.

All students will find out pretty quick not to vote for this mob but unfortunately too late now.
7 Upvote

Reply

Top Stories

WMG

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

WR1

Winsome scoping study proposes low-cost operation for Adina lithium project

SNG

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

PTR

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

ALR

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

There are more pages in this discussion • 13 more messages in this thread...

First 21 Last