Australians with higher education Help loans will be able to earn slightly more before they start making repayments as inflation drives up student debts to new highs.
The federal government lodged the official Help repayment thresholds for the 2023-2024 financial year on Thursday, which confirmed the minimum repayment threshold has been increased.
Graduates earning $51,550 will be required to start paying off their student loans, up from $48,361. The other repayment categories have also been bumped up.
Student loans, which for commonwealth-supported university places take the form of HECS-Help, are not charged interest.
Instead, the full amount is indexed to inflation each year.
The latest consumer price index Australias official marker of i…
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