On 5 May 2024, the Government announced that it will cap the HELP indexation rate to be the lower of either the Consumer Price Index (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 measure is now law.
More information
- Ministers announcement: Cutting student debt for more than three million AustraliansExternal Link
- Department of Education: HELP Indexation Credit EstimatorExternal Link
- Australian Taxation Office: Study and training loan indexation rates