How HECS became a debt trap
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The Effects of Inflation on Student Debt
The average repayment time for debts has gone from 7.3 years in 2005, 2006 to just under a decade. The National Church Area Education Union calls Hex Now a tax for life for some people. It means that you hold on to this debt for longer throughout your life. But the nuance there is that it's just not as guaranteed anymore.
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