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) – previously 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 to the Consumer Price Index (CPI) or Wage Price Index (WPI) – whichever is lower.
From 2025, we will calculate the indexation figure each year after the December CPI and WPI are released. The calculation 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% (previously 4.7%) |
|
2023 |
3.2% (previously 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% |
From 1 June 2023, the way indexation rates are determined has changed. Find out how we are adjusting prior year indexation on Study and training support – What’s new.
Find out more about study and training: