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Anyone else who was blind-sided by the HECS/HELP interest rate changes?

I guess I'm stupid. I didn't realise they changes the interest rates on HECS. Is it true, you basically should pay it off ASAP because the interest now is massive (I think it says 7% on mygov). I always understood HECS was almost interest fee so I just left it for a long time. Now I'm desperately trying to pay it off quickly so I don't have the compounding debt.

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