The good news is the government plans to cancel $3 billion in student debt. The bad news is indexation will still be high
- Written by: Andrew Norton, Professor in the Practice of Higher Education Policy, Australian National University
Every year on June 1, student debt in Australia is indexed to inflation. In 2023, high inflation pushed the indexation rate to 7.1%, the highest since 1990.
This year, if there is no policy change, student debt balances will be increased by 4.7%.
After sustained community pressure to change the way debts are indexed, the federal government has...
