SUNRAYSIA residents are facing paying off their university debt sooner under changes to the Higher Education Contribution Scheme (HECS).
Earlier this month the HECS repayment threshold fell by more than 11 per cent, forcing those who earned more than $45,881 a year to start paying back fees on a weekly basis.
It is the highest percentage drop in more than 20 years and affects about 136,000 Australians who before this month took comfort in knowing they would not face repayments unless they earned more than $52,000.
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