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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