What we apply indexation to
On 1 June each year, we apply indexation to the part of your accumulated study and training loan that has remained unpaid for more than 11 months. This is for:
- Higher Education Loan Program (HELP)
- VET Student Loan (VSL)
- Student Financial Supplement Scheme (SFSS)
- Student Start-up Loan (SSL)
- ABSTUDY Student Start-up Loan (ABSTUDY SSL)
- Australian Apprenticeship Support Loan (AASL), formerly known as Trade Support Loan (TSL).
How we work out indexation
Indexation maintains the real value of the loan by adjusting it in line with changes in the cost of living as measured by the consumer price index (CPI). We calculate the indexation figure each year after the March CPI is released. It is based on Australian Bureau of Statistics figures collected over the previous 2 years. Your loan will grow over time if you don't make any compulsory or voluntary repayments.
The following table shows the indexation rate applied to all study and training loans.
|
Year |
Indexation rate |
|---|---|
|
2024 |
4.7% |
|
2023 |
7.1% |
|
2022 |
3.9% |
|
2021 |
0.6% |
|
2020 |
1.8% |
|
2019 |
1.8% |
|
2018 |
1.9% |
|
2017 |
1.5% |
|
2016 |
1.5% |
|
2015 |
2.1% |
|
2014 |
2.6% |
|
2013 |
2.0% |
Find out more about study and training:
Indexation rate calculation change
On 5 May 2024, the government announced that it will cap the HELP indexation rate to be the lower of either the CPI or the Wage Price Index (WPI). The government will backdate this relief to all HELP, VET Student Loan, Australian Apprenticeship Support Loan and other student support loan accounts that existed on 1 June 2023. This change will take effect when legislation is passed.
For more information, see Study and training loans – what's new.