The regulator has released guidance on the servicing of Higher Education Loan Program (HELP) debt when assessing home loan applications, providing a date from which the changes are to be implemented.
From 30 September 2025 APRA expects lenders to no longer consider HELP debt when servicing mortgages if the repayments are expected to be complete within 12 months.
Back in February, APRA and ASIC began consulting on changes to lending rules to allow for those with student debt to responsibly take out a mortgage.
APRA received eight submissions in response to this consultation. Respondents were reportedly in favour of the changes, though they sought some adjustments and clarifications.
Factoring in the consultation,…
