Answer to question every Aussie is asking about $3bn HECS overhaul

A tax credit is on the way for Aussies who scrimped and saved to pay off their student loan debt to avoid being hit by an eye-watering increase to indexation.

The government is set to wipe about $3bn through a major change to the HECS and HELP loans in a bid to win over younger voters struggling with the cost of living.

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