How does HECS-HELP indexing work?
Hey all,
Started uni in Jan 2022 and currently have a $4k debt. In a few months that will increase to $8k once 2023 Sem1 fees are finalised. I was considering making a voluntary repayment to avoid indexing in June. The ato website says that debts greater than 12 months old are indexed, does that mean, if I dont make any repayments by june, only $4k will be indexed or will it be the full $8k?
Posted Mar 15, 2023, 5:44 AM UTC
02
Semester 1 courses from 2022 will be more than 11 months old, they will have indexation applied if not paid (and cleared) before June 1st.
Semester 2 courses from last year, and semester 1 courses from this year, won’t be 11m old by the time June 1st rolls around, so no indexation on those courses
Sweet thanks!