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National

Andrew Brown and Jacob Shteyman

Uni changes to rule out large HECS rises: minister

Jason Clare HECS

About $3 billion worth of Australian student debt is expected to be eliminated. (Darren England/AAP PHOTOS)

Exorbitant indexation increases to HECS will be a thing of the past, the education minister says, with thousands of dollars set to be wiped off the debts of millions of students.

Laws introduced to federal parliament on Thursday will cap the indexation rate for HECS at either the rate of inflation or the wage price index, whichever of the two is lowest.

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