The average HECs bill is now $27,000 and many listeners will have bills that are higher than that: This week the government restructured the entire working of the student debt system - and threw in a universal 20 per cent cut on all existing HECs bills - how will it work?

Hugh Robertson of the Centaur Financial Services joins wealth editor James Kirby in this episode.

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In today's show, we cover:

• HECs - The new deal
• Prioritising tax-deductible debt 
• Why Trump won't help your ASX shares 
• The ETFs to buy for the new US presidency