We’re wiping around $3 billion in student debt for more than 3 million Australians – more than 21,000 in our community alone.
Wiping $3 billion in student debt
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To do this, we’re introducing HELP loan credits for people impacted by the recent inflation spike.
An individual with the average debt of $26,500 will be receiving a credit of around $1,200 this year.
We’re also making sure that student debt never grows faster than someone’s wages or ability to pay it off. Last year’s indexation spike wasn’t fair – under our changes, it won’t ever happen again.
See how much you’ll save at: https://www.education.gov.au/helpestimator
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