Millions of university graduates and students will soon wake up to an early Christmas present after the government wiped thousands of dollars off their debts.
Laws to cap the indexation rate for the Higher Education Loan Program at either the rate of inflation or the wage price index - whichever is lowest - passed federal parliament late Tuesday night after Australians were stung with a 7.1 per cent increase to their student debts in 2023 because of surging inflation.
