Will your HECS debt fall thanks to COVID-19?

Every year in June, former university students shield their eyes as their student debt increases in a process known as indexation. Government issued Higher Education Contribution Scheme (HECS) loans track the Consumer Price Index and are intended to keep pace with inflation in order to ensure your student debt maintain its real value.

Quarterly 8 Capital City Weighted Average All Group Consumer Price Index (8CCWAAGCPI) from June 2019 to March 2021. Strong consumer price recovery from September onwards will offset June 2020 deflation in HECS indexation calculations.

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