Student loan balances were set to rise by 3.9 per cent on 1 June as indexation caught up with inflation, well above the 0.6 per cent applied in 2021. Graduates earning between the $47,014 repayment threshold and about $70,000 were likely to see their debts grow despite making minimum repayments, at a time when national wages rose just 2.4 per cent over the year.
Reported by
Sarah Brookes, Sydney Morning Herald, 19 May 2022
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