Australians with student debts are set to have hundreds of dollars added to their loans amid calls to change how increases are calculated.
Some 2.95 million Australians have a Higher Education Loan Program (HELP) debt, such as , totalling more than $78 billion in outstanding debt, according to the most recent Australian Taxation Office (ATO) data.
The average debt is almost $26,500, and that will increase through indexation which is calculated when the March quarter inflation figure is released.
That occurs in late April, but forecasts on what the inflation figure could come in at have already emerged.
Harry Murphy Cruise, an economist at Moody’s Analytics, told The Guardian on Wednesday that “partial data” suggested inflation would come…
