Three million Australians will be hit with higher student debt repayments averaging $1760 a year when indexation of 7.1 per cent comes into effect on June 1.
New analysis reveals that graduates in the 20-29 age group will take the brunt of the CPI increase, with their increase rising by an average of $2069 on the median debt of $29,138.
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Julie Hare is the Education editor. She has more than 20 years’ experience as a writer, journalist and editor. Connect with Julie on Twitter. Email Julie at julie.hare@afr.com
