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Young Australians have much higher student debt than generations before them, data shows
(www.theguardian.com)
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this post was submitted on 28 Jul 2025
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What is this obsession with HECS debt. We're not America, our student debt system is extremely reasonable and of basically no concern. The only reason it ever causes problems is because our housing market is an absolute nightmare but that's true for everyone HECS debt or not.
High inflation and then a over saturation degrees(no longer a differentiator), people who've been told go to uni and you'll get a better job are left with debt and no better job. In a lot of cases where they don't use their degrees.
Then it goes up each year with inflation.. Even if you're not paying it (since you don't meet the threshold)
Definitely more thought is needed before just 'going to uni'. Eg should you get a trade or study on the job.