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Albanese government to wipe $3 billion in student debt, benefitting three million people

  • Written by Michelle Grattan, Professorial Fellow, University of Canberra

Changes in the May 14 budget will cut the student debt of more than three million people, wiping more than $3 billion from what people owe.

The government will cap the HELP indexation rate to be the lower of either the Consumer Price Index (CPI) or the Wages Price Index (WPI), backdated from June 1 last year. At present the indexation is based on...

Read more: Albanese government to wipe $3 billion in student debt, benefitting three million people

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