Key Points
- The changes would apply to all graduates earning up to $180,000 a year.
- Graduates earning $70,000 will pay $1,300 less.
- The government will aim to legislate the changes in 2025 to take effect from 1 July.
Three million Australians will have lower annual student debt repayments if the government wins the next election as the prime minister unveils the first major pitch to voters and seeks to move on from a string of controversies.
The minimum repayment threshold for student loans would jump by about $13,000 a year, so graduates would begin paying down debts once they earned $67,000, instead of $54,000, from 1 July 2025.
The government would also move to a marginal repayment system in which the amount of a debt repaid was a…
