Measure to ensure student debts can’t outpace wage growth by retrospectively capping indexation rate for loans

Changes in the May 14 budget will cut the student debt of more than three million people, wiping more than $3 billion from what people owe. The government will cap the HELP indexation rate to be the lower of either the Consumer Price Index (CPI) or the Wages Price Index (WPI),

The Albanese government has announced an overhaul of HECS indexation that would wipe out $3bn of student debt. Under the changes, HECS indexation would match whichever is lower out of the Consumer Price Index (CPI) or the Wage Price Index (WPI) ( SBS );

Cash-strapped millennials and millions of other Australians will have their student debt slashed by $3 billion under a cost of living measure announced on Sunday by Prime Minister Anthony Albanese.

The federal government has announced it will wipe $3 billion of HECS debt for millions of Australians. Urgent warning for tourists not to travel to holiday hotspot 40 celebrities who often get confused for one another This $12 IKEA kitchen bench space hack is going viral Papenhuyzen out for 'four-to-six weeks' with fracture The way we work is fundamentally broken.

The government has revealed plans to slash the student debt balance of more than three million with one key change.

Employment and Workplace Relations Minister Tony Burke says the Albanese government made a “big call” to wipe $3 billion worth of student HECS debt.