Student Loans Significantly Reduce Borrowing Power for Mortgages

‘The higher income earners could be more restricted by their HECS debt than lower income earners,’ David Koch said.
Student Loans Significantly Reduce Borrowing Power for Mortgages
A man walks past a bank advertising home loans in Melbourne, Australia, on Feb. 7, 2023. William West/AFP via Getty Images
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HECS debt could reduce borrowing power for a mortgage, according to new research from Compare the Market.

The research found that a university student on an annual salary of $125,000 (US$80,800) with a student debt of $26,500 had a reduced borrowing capacity of $95,900.

Lily Kelly
Lily Kelly
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Lily Kelly is an Australian based reporter for The Epoch Times, she covers social issues, renewable energy, the environment and health and science.