After three years of crippling hikes in student debt under the Albanese government, young Australians deserve better protections and greater certainty when entering into a student loan.
That is why I am proposing an amendment to Labor’s student debt discount bill with a HELP (Higher Education Loan Program) loan inflation guarantee.
Anyone who takes out a HELP loan must not pay the price for Labor’s failure to control inflation.
Australians with a student loan or those planning to undertake tertiary studies should not be blindsided by high indexation driven by high inflation, as has occurred under Labor over the past three years.
That is why I am proposing that HELP indexation should be the lesser of the consumer price index or…