Three million graduates will have their student loans reduced by an average of $1200 in next week’s budget, but not have any extra money in their pockets.
However, in an unrelated move, hundreds of thousands will also be financially better off when repayment thresholds to student loans are changed on July 1.
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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
