University graduates with an average student loan of $50,000 will be slugged with another $2350 increase from June 1.
The nearly 3 million people who have a Higher Education Loan Program debt – better known as HECS – will be hit with a 4.7 per cent indexation, which was determined by the Education Department on Wednesday, following the release of March quarter inflation figures.
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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
