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Study and training loans – what's new

Content related to any new legislation for study and training loans.

Last updated 16 May 2024

Info Alert
2024 indexation

Indexation is applied to HELP debts on 1 June each year.

On Saturday, 1 June 2024 HELP debts will be indexed by 4.7% based on the Consumer Price Index (CPI).

In the Budget, the government announced changes to HELP and student support loan account indexation to be based on the lower of CPI or Wage Price Index (WPI). This means, if legislation is passed, your HELP debt will then be adjusted to reflect a lower indexation rate.

For more information about backdated indexation changes for 1 June 2023 and 1 June 2024 and how these changes will benefit you, use the HELP indexation credit estimatorOpens in a new window.

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:

  • Consumer Price Index (CPI)
  • 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.

To support this announcement, the Department of Education have released:

As a result of the adjustment to indexation, your debt balance may be less than zero. If so, and you have no outstanding tax debts you may receive a refund.

Trade Support Loan now Australian Apprenticeship Support Loan

From 1 January 2024, a Trade Support Loan (TSL) is known as an Australian Apprenticeship Support Loan (AASL)External Link.

The name change was included in the Trade Support Loans Amendment Act 2023External Link that amends the Australian Apprenticeship Support Loans Act 2014. It received Royal Assent in August 2023. This brought changes to the existing TSL program (which was introduced in 2014).

The TSL program provided income-contingent loans to eligible apprentices to help with everyday costs while completing their apprenticeships. The AASL program expands access to these loans to a broader range of apprentices and trainees, including non-trade occupations. A new Australian Apprenticeship Priority List replaces the TSL Priority List.

Early childhood, aged care and disability are examples of sectors that may benefit from this expansion.

For more information, go to the Department of Employment and Workplace Relations Australian Apprenticeship Support LoansExternal Link page.

HELP loan reduction for rural doctors and nurse practitioners

On 10 November 2022, the Australian Government introduced a bill into parliament to establish the HELP for Rural Doctors and Nurse Practitioners initiativeExternal Link to encourage doctors and nurse practitioners to live and work in rural, remote or very remote areas of Australia.

The Higher Education Support Amendment (2022 Measures No. 1) Act 2023 (the Act) amends the Higher Education Support Act 2003. The Act received Royal Assent on 20 February 2023.

The initiative gives doctors and nurses the opportunity to reduce their outstanding Higher Education Loan Program (HELP) loanExternal Link if they meet:

For more information, contact the Department of Education at