Student debt rising

Photo: Andrea Piacquadio @Pexels

The average higher education (HELP) student debt stood at $23,280 in the year to June 2020, compared with $14,401 in 2011.

Student debt has been rising steadily and so has the time needed to pay it off, 9.3 years from 7.3 years in 2005.

There are 2.85 million HELP debtors.