Debt de­ci­sion de­ferred

THE (Times Higher Education) - - NEWS -

The Aus­tralian gov­ern­ment’s bid to curb the lev­els of stu­dent debt owed to the gov­ern­ment has been put off un­til at least May, af­ter par­lia­ment’s up­per house ran out of time to con­sider the pro­posal in the last few days of par­lia­ment’s sit­ting ses­sion. Un­der the leg­is­la­tion, the re­pay­ment thresh­old at which for­mer stu­dents must start re­pay­ing their debts would be low­ered from the cur­rent level of A$55,874 (£30,300) to A$45,000. The bill also changes the in­dex­a­tion for­mula ap­plied to the thresh­old, so that it rises more slowly than it has in re­cent years.

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