HECS HELP Student Debt: Should You Pay It Off or Invest Instead?

May 5, 2025

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If you've ever stared at your HECS-HELP debt and thought, “Should I just pay this off now or use that money to invest instead?” this episode is for you.

In this juicy and jargon-free chat, Molly sits down with financial adviser and podcast host Jess Brady to unpack everything you need to know about your student loan (aka HECS or HELP) in 2025. With indexation rates changing and cost of living pressures rising, it’s no wonder more Aussies are wondering if this debt deserves more attention.

💥 Here’s what you’ll learn:

What HECS-HELP debt actually is and how it’s calculated
Why indexation (that sneaky thing that feels like ‘interest’) can make your debt grow even when you’re making repayments
The new changes to HECS indexation and how they might help you
When you start paying it back (and how much you'll need to repay based on your income)
Whether paying it off early is a smart move -or if your money could work harder for you elsewhere (like investing in shares, saving for a home, or boosting your super)
How your HECS debt could impact your home loan borrowing power
Strategies for paying it off smarter (especially if you’re a high-income earner or living overseas)
Tips on weighing up paying off debt vs investing, and how to align your strategy with your goals

Jess also shares real-world examples, a little tough love, and a few clever hacks to help you make the best decision for your future self -whether you want to be debt-free ASAP or grow your wealth over time.

🧠 Whether you're planning to buy a home, go back to study, move overseas or just want to feel more in control of your finances, this episode breaks it all down.

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The advice shared by Ladies Finance Club is general in nature and does not consider your individual circumstances. Our content is for educational purposes only and should not be relied upon to make financial decisions. If you are considering purchasing a financial product, read the PDS and TMD and seek financial advice tailored to your personal needs. Molly Benjamin and Ladies Finance Club Pty Ltd are authorised representatives of Wattle Partners Pty Ltd, AFSL 383169.

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