Assuming parliament passes the changes, all students will have to pay more and repay quicker. The changes affect current and future debtors.
How much more will students pay?
Students will pay 7.5% more in fees by 2021 on top of the annual inflation indexation.
For example, a student studying teaching currently pays $6,349 a year. Next year they will pay about $6,600.
Overall, by 2021, students will pay between $2,000 and $3,600 more for a fou…
Read the full article at: http://theconversation.com/explainer-how-will-the-changes-to-help-student-loans-affect-you-76977