Australia’s skyrocketing scholar personal debt – podcast

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On Wednesday it was exposed that the Hecs-Aid debt of millions of Australians will rise by 7% this yr – the best hike in a long time. Details demonstrates that more graduates are struggling to pay again their loans amid stagnant wages, with the crossbench and unions calling for urgent measures to assist those trapped in a cycle of financial debt.

Larger training reporter Caitlin Cassidy speaks to Laura Murphy-Oates about what is going wrong in Australia’s pupil debt process

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