
Studying can be a costly choice. Universities should address young people’s financial literacy gaps
ustralian students with HECS-HELP debts are facing a 7.1% increase in their debts due to inflation. The interest-free loans, previously unaffected by inflation, have come as a shock to students. The impact of loan repayments on disposable income and borrowing capacity may disproportionately affect women. To address this issue, universities should prioritise financial literacy education to help students understand their debts and make informed financial decisions says Dr Tracey West.