The Daily Aus Headlines: HECS debt reforms begin rolling out
Dec 12, 2024
Student debt reforms are officially in action in Australia, promising changes to HECS indexation and even refunds for past charges. Meanwhile, the unemployment rate has dropped to a historic low of 3.9%, raising optimism about the job market. In a surprising twist, FBI Director Christopher Wray announces his plans to step down before the incoming president takes office. Dive into these highlights that shape the current landscape!
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HECS Indexation Changes
- HECS indexation changes limit increases to the lower value of inflation or wage growth.
- This resulted in a 3.9% refund for some students in 2023.
Check Your Student Debt
- Australians can check their student debt through the ATO's website.
- Access your account via myGov to view your HECS balance.
Unemployment Rate Drops
- Australia's unemployment rate dropped to 3.9% in November, the lowest since March.
- This rate represents the percentage of actively seeking but unemployed individuals.