The yearly cost of student Higher Education Loans Scheme (HECS) loans are likely to reach a figure of $11.1 billion by 2025. New loan application numbers are rising and, according to a report published by the Parliamentary Budget Office, the nominal value will likely hit $185.2 billion by 2026.
Topics: Personal Insolvency, Debt Agreements, Personal Debt, Debt Management Solutions
Australian's are some of the luckiest humans on the planet. We live in a beautiful, free country abundant with opportunity. But for thousands of Australians, those opportunities come at a cost.
Topics: Budgeting, Debt Relief, Education, Personal Debt
It is part of our protective parental nature to hide the stresses of being an adult from our children. There are certain things we decide not to do or discuss in front of our children, and money trouble is quite often one of them.
Topics: Budgeting, Education, Personal Debt
Australia’s debt to GDP ratio is expected to rise beyond 50% in the next two decades. A government debt of $397 billion and this figure is rising by a little over 100 million a day. We’ll hit $1 trillion by the year 2037 if we don’t do something about the burgeoning debt problem in the nation.
Topics: Personal Insolvency, Budgeting, Personal Debt
Keeping up to date with taxes is a chore that haunts thousands of Australians but it is absolutely essential and beneficial to do so.
Topics: Tax Debt, Budgeting, Education, Personal Debt