Summary
- Changes to repayment arrangements for HELP student debts announced by Prime Minister Anthony Albanese
- Minimum threshold for repayments lifted by over $10,000 a year, indexed at about 75% of average graduate earnings
- Move to a marginal repayment system recommended by designer of original HECS scheme Bruce Chapman
- Changes to reduce financial burden on low-income earners, boost take-home pay for one million young Australians