The average student debt is going to increase by at least $1100 in June, according to new parliamentary projections, but Prime Minister Anthony Albanese has hinted relief is coming in next month’s federal budget.
Almost three million Australians have student debt, which will increase on June 1 when HECS-HELP indexation comes into effect.
According to projections done by the Parliamentary Library for the Greens released this morning, this year’s indexation will be the second highest on record at between 4.2 to 4.8 per cent, trailing only last year’s 7.1 per cent increase.
The exact rate won’t be known until after the March inflation figures are announced next week, but even the low end of the estimate will see the average student…
