People repaying HELP student debts would get cost-of-living relief under changes to repayment arrangements to be announced by Prime Minister Anthony Albanese on Sunday.
The minimum threshold for repayments to start would be lifted by more than $10,000 a year, from about $54,000 in 2024-25 to $67.000 in 2025-26. This threshold would be indexed so it always remained about 75% of average graduate earnings.
The government would also move to a marginal repayment system for HELP debts. That would in the short term be to the advantage of people on incomes just above the threshold.
