Student Debt Relief Bill: What You Need to Know (August 2025)
Relevant For:
Current and former students with HECS/HELP or similar loans, and employers assisting staff with financial planning.
Key Points:
- 20% one-off reduction for eligible HELP and other student loans incurred on or before 1 June 2025.
- Minimum repayment threshold to rise from $54,435 (2024–25) to $67,000 (2025–26).
- New marginal repayment system applies repayments only to income above $67,000.
- Loan indexation capped at the lower of CPI or wages growth.
- Threshold will be indexed annually but never above wages growth.
Full Article:
The Labor government has introduced a Bill to deliver on its election promise to reduce student debt and ease the repayment burden.
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