1 week Ago
Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login The number of older people carrying student debt has surged in the past decade – rising 84 per cent for people in their 50s – as multiple degrees, rising fees and indexation increasingly eat into lifetime finances. In 2023-24, there were 200,161 people in their 50s still paying off student loans – commonly known as HECS – and who owed the government a total of $3.
8 billion. Just shy of 81,000 people in their 60s still have outstanding debts, totalling $1.5 billion, Tax Office data shows.
Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Introducing your Newsfeed Follow the topics, people and companies that matter to you. Most Viewed In Politics.
