23 April 2024 — podcasts

Are you prepared for HECS indexation?

audio available
Written by bongiorno group

Since they were first introduced, the federal government’s HECS and HELP schemes have assisted many thousands of university students access quality education by deferring their fees until they starting earning a wage. What was once considered a favourable loan due to low interest rates, has now left many with a burden because of increased indexation based on inflation rates.
In this episode, Vanessa Smith and Nick Fennessy, Directors at the Bongiorno Group, look into the implications of HECS on loan applications and serviceability calculations, and shed light on its impact on housing and investment loans. They explore strategic approaches to managing HECS debt, including prepaying before the annual indexation kicks in.
Bongiorno Group
For more information, please call 03 9863 3111
This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product disclosure Statement before deciding to acquire the product.


make every day a good day

Interested in speaking with one of our advisers about achieving your financial and lifestyle goals? Click below to register your interest and we will contact you to make a complimentary appointment (that fits around your busy schedule)