#hecs — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #hecs, aggregated by home.social.
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Dear Australian government,
I would really like you to send me a letter telling me that you are completely wiping my HECS debt.
Failing that, I would like you to send me a letter telling me that you are reducing my HECS debt by 20%.
Thanks.
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$55,000 arts degrees and continued job cuts as universities call for urgent reform to degree pricing
Universities have warned that job cuts leading to thousands of academics and professional staff being sacked are likely…
#NewsBeep #News #Australia #artsdegree #AU #fees #hecs #jobreadygraduates #student #tertiaryeducation #university
https://www.newsbeep.com/au/278441/ -
The study loan (#HECS) repayment changes are now law. Here's how to calculate your repayment using the #Haskell *tax* library:
```
help = lesserOf ((flat 0.1) (marginal [(67000, 0.15),(125000,0.02)])
due = min helpBalance (getTax help repaymentIncome)
```
https://hackage-content.haskell.org/package/taxHave fun!
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“The core of the problem is indexation. Unless indexation is removed, students will be in this hamster wheel always chasing their debts, which keep getting bigger and bigger.” #HECS https://www.theguardian.com/australia-news/2025/jul/22/hecs-debt-bill-legislation-labor-coalition-support
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As parliament returns, Albanese is buoyed by Newspoll as Ley confronts depth of Coalition’s defeat
When the federal parliament finally sits this week for the first time …
#NewsBeep #News #Australia #60minutes #alifrance #anthonyalbanese #AU #bridgetarcher #childcare #deanwinter #hecs #internationalstudents #jeremyrockcliff #liberalleader #liberalparty #noalition #peterdutton #questiontime #sarahwitty #sittingweek #sussanley #tasmanianelection #womeninparliament
https://www.newsbeep.com/au/9266/ -
Nice, $1000 off my HECS/HELP thanks to the changes in the indexation. Kind of bummed not to be working in Aus at the moment as I'd have paid it off this yr :(
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And so, since a LABOR government won't do it then who will? Oh, that's right: the GREENS! That's why we have preferential voting. Vote accordingly.
#HECS #StudentDebt #auspol #AustraliaPolitics #AnthonyAlbanese #ALP #Labor #Dutton #LNP
https://www.sbs.com.au/news/article/see-which-politicians-got-fee-free-education-by-using-our-interactive/1f098awnp -
#Norway taxes its #fossilfuel industry and offers free #university degrees to students, while #Australia subsidises fossil fuel expansion and imposes high costs on university education for its youth. Budget allocations reflect choices and priorities, revealing significant differences between the two nations.
Is the government taking more from students through #HECS than it collects from the #Petroleum #Resources Rent Tax? #prrt #auspol -
Q1.Why does HECS debt grow?
Q2.Why is there a HECS debt at all?
Q3.Who is the HECS debt being repaid to?
One thought worth remembering is that the Australian Federal government is the sole unconstrained creator & destroyer of the A$. All money that comes into the economy is created from nothing by keystrokes in the Reserve Bank which is effectively an arm of Treasury, which is an arm of government. Any money returning to federal government, its revenue, goes immediately to nothing, it is never re-used, it just goes to nothing.
So the answer to Q3 is “the Australian federal government” & that is the last logical answer to any of the questions.
Q1 & Q2 only make sense as requirements of the governments accepted Neoliberal ideology which itself is financially & economically & macroeconomically meaningless.
So, there is no reason for the existence of a HECS debt, let alone interest or increasing interest on it. The money that is repaid on the debt goes to nothing, it is entirely an imposition on the people to satisfy the fascist Neoliberal ideology of the politicians.
#auspol #HECS #economics #macroeconomics -
1/🧵 A lot of talk again recently about Uni #HECS debits. People still raise the 'apparently' interesting point that even when some of the course fees went up entry numbers still increased. I’m not surprised at all, considering the societal narrative ingrained in young minds. From an early age, we're told that a Uni degree is a prerequisite for success.
#AussieChatter -
On Tuesday 14th of May Jimmy will hand down the Australian Federal Budget.
To best enjoy the event, I suggest making it a game night and playing Trial by Trolley. It’s like you are doing the budget yourself!!
Save that hospital full of sick babies on the left, or save the Murdochs on the right?
Provide universal healthcare and scrap HECS or buy some nuclear submarines?
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Mehreen Faruqi posted this on Instagram with the comment, "What’s stopping you @albomp?"
I would ask the same of the...
[checks notes]
...46 (60.5%) current senate members who benefited from free education.
Other than those representing the Greens, have they ever checked their privilege?
#auspol #HECS #HigherEducation #CostOfLiving #Poverty #PovertyIsAPoliticalChoice
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👀😬 :stabbycat: "The #Australian government is taking more from students through #HECS than it collects from the #Petroleum Resources Rent Tax" https://www.abc.net.au/news/2024-03-07/fact-check-hecs-prrt-richard-denniss-australia-institute/103553434
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Australians are missing out on a fair share of revenue while #fossilfuel companies are making record profits and worsening the #climatecrisis.
The fact is the Australian government collects more money from students paying #HECS than it does from #gas companies paying the Petroleum Resource Rent Tax (PRRT).
The Petroleum Resource Rent Tax is broken. #auspol
Sign our petition to increase the PRRT here:
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#Auspol #HigherEd #HECS #Scam #ATO #AustralianTaxOffice
The ATO is charging interest on HECS that has already been repaid! 😨
When interest rates were 1% it was barely noticeable. But now, it's hundreds of dollars that students are being scammed.HECS indexation increasing unaffordable student debt
“In 2020 and previous years, indexation was sitting around 1.8%- 2% and then a jump to 3.9% in 2022 and in 2023 a whopping 7.1%…
“Your HECS debt is indexed on 1 June every year before the end of the financial year. Really, it should be indexed after the start of the new financial year on 1 July.
“The problem with the indexation system is that the ATO hasn’t calculated the repayments your employer has made throughout the year, hence they are applying indexation to your debt amount from the start of the financial year.
“This means that a larger dollar amount will be indexed causing you to end up with more debt added on.
“The ATO should be including the payments you have already made to reduce the debt for that financial year.”
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CW: Yasmin already has $20,000 of student debt. Labor’s plans to scrap a Coalition reform may come too late
The kids today are asking whether University is worth it. I question this myself even though I benefitted from it but I did so when Keating, the man who didn’t pay, first introduced #HECS. #auspol #education
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@PatHudsonCartoons #Cartoon @phudsonink The benefits of later retirement A cartoon by me #auspol #HECS #costofliving #retirement #alttext
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What is this mindbending logic?
We can’t freeze indexation of student loans, because it might “cost taxpayers who don’t have a degree”… but since getting a degree “makes you money” and we have some level of progressive taxation, where people who get more income pay more tax, so presumably the taxpayers who might bear this burden would be more likely to have a degree… ???
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I’ve never been happier to have burned through my savings (and most of my teaching income) paying for my Fine Art degree upfront. This #HECS #StudentDebt indexation is appalling. It really throws into stark relief that the Australian Prime Minister had publicly-funded free university, and then went on to amass a multi-million dollar property empire, while those after him who are paying for university are being denied home loans because of the debt.
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#HECS, 'the best debt you'll ever have' until it gets indexed at a higher rate than interest. I'm absolutely thrilled that mine has gone up by $1500. That's ~20% of what I paid off of it in 2022 🙃
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This year is the first year I can afford to make payments to my HECS-HELP loan after graduating from university in 2010. I will pay off last year’s indexation of $1.7k+, but it’s pretty upsetting that this year’s rate is 7.1% which will add $3.1k+ to my debt. #Australia #HECS
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Australia's HECS-HELP debt has topped $74b. How long does it take the average student to pay theirs off?
#ATO has released the country's 100 largest #HECS debts through a Freedom of Information request – and the highest debt is a whopping $737,000.
The second-biggest has ballooned to nearly half a million dollars, with the third coming in at $387,000. The lowest in the top 100 was more than $219,000. #freeeducationforall #auspol #boganNation #AMERICANISATION -
Australia's HECS-HELP debt has topped $74b. How long does it take the average student to pay theirs off?
#ATO has released the country's 100 largest #HECS debts through a Freedom of Information request – and the highest debt is a whopping $737,000.
The second-biggest has ballooned to nearly half a million dollars, with the third coming in at $387,000. The lowest in the top 100 was more than $219,000. #freeeducationforall #auspol #boganNation #AMERICANISATION -
Australia's HECS-HELP debt has topped $74b. How long does it take the average student to pay theirs off?
#ATO has released the country's 100 largest #HECS debts through a Freedom of Information request – and the highest debt is a whopping $737,000.
The second-biggest has ballooned to nearly half a million dollars, with the third coming in at $387,000. The lowest in the top 100 was more than $219,000. #freeeducationforall #auspol #boganNation #AMERICANISATION -
Australia's HECS-HELP debt has topped $74b. How long does it take the average student to pay theirs off?
#ATO has released the country's 100 largest #HECS debts through a Freedom of Information request – and the highest debt is a whopping $737,000.
The second-biggest has ballooned to nearly half a million dollars, with the third coming in at $387,000. The lowest in the top 100 was more than $219,000. #freeeducationforall #auspol #boganNation #AMERICANISATION -
Australia's HECS-HELP debt has topped $74b. How long does it take the average student to pay theirs off?
#ATO has released the country's 100 largest #HECS debts through a Freedom of Information request – and the highest debt is a whopping $737,000.
The second-biggest has ballooned to nearly half a million dollars, with the third coming in at $387,000. The lowest in the top 100 was more than $219,000. #freeeducationforall #auspol #boganNation #AMERICANISATION
