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Posted in Higher Education Loan Program

Did you know your HECS-HELP debt can affect your borrowing capacity?

Posted by Mark Attard on 12 May 2023
Did you know your HECS-HELP debt can affect your borrowing capacity?
Do you know how much you owe on your HECS-HELP debt? Recent high inflation means millions of Australians with student loan debts are facing a 7.1% increase from 1 June, up from 3.9% the previous year. Your HECS-HELP debt is an important piece of information that lenders take into consideration when assessing your application for a home loan, so it’s important to understand yours. Find out more about how indexation will impact you. What is HECS-HELP? The Higher Education L...
Posted in:Higher Education Contribution SchemeHigher Education Loan ProgramBorrowing capacity