Australian loan changes to wipe A$3 billion of student debt

While indexation change was widely anticipated, backdating of the measure was not

Published on

May 5, 2024

Last updated

May 7, 2024

Twitter: @JohnRoss49

Parliament House, Canberra

Source: iStock

Read more about

Read more about:

Higher education policy

Register to continue

Why register?

Registration is free and only takes a moment
Once registered, you can read 3 articles a month
Sign up for our newsletter

Subscribe

Or subscribe for unlimited access to:

Unlimited access to news, views, insights & reviews
Digital editions
Digital access to THE’s university and college rankings analysis

Please or to read this article.

Related articles

Bondi Lifesavers

Graduate debt relief expected in Australian budget

Student loans among the ‘areas where we need to do much better with the younger generation’, prime minister concedes

23 April

Inflation

Lower inflation offers little reprieve on humanities fees

Incongruous Australian indexation rules to see arts students paying A$17,000 a year, unless accord’s final report produces an overhaul

7 February

Woman inflating balloon

Indexation adds over A$5bn to Australian graduate debt

Despite ‘debt avalanche’, universities stress that tuition fee loans are ‘not like grocery bills’

27 April

Melbourne, Australia - August 22, 2014 a woman accessing cash from the automatic teller machine outside the Box Hill branch of the ANZ Bank in suburban Melbourne. The ANZ is Australia's third largest bank by market capitalization.

Australian student loan debt ‘getting higher, lasting longer’

Analyses find mounting debt is hindering people’s ability to buy homes and have children – with women disproportionately affected

7 March

Sponsored