By Natalie Haddad | 21 July 2023
Yes, you may be wondering “Aren’t HECS-HELP debts supposed to be interest-free?” The answer to that question is yes, but the debt is indexed each year to align with inflation which means that every year when the Consumer Price Index (CPI) increases, the Australian Taxation Office (ATO) will increase the amount you owe on your HECS-HELP in line with the rate of inflation.