Changes to student debt — which could save the average graduate $1,200 a year — have moved a step closer.
The bill was introduced to parliament on Thursday but has been referred to an inquiry, scheduled to report back on 30 September.
That means the legislation will not return to parliament until October at the earliest and will need to pass both houses before the changes take effect.
If the legislation becomes law, this is how it will affect Australians with a HELP debt.
What sparked the changes?
The changes follow , released in February, which to improve higher education in Australia.
The report recommended, among other things, that student debt indexation should not outpace wage growth.
Education Minister Jason Clare stated that the…
