Australia lowers student loan repayment threshold, aiding three million borrowers
New rules for Australia's student loan repayments reduce the threshold from $54,000 to $67,000, benefiting around three million borrowers. Grace, a 24-year-old public health graduate, saw her loan decrease by $8,600 but now faces rising debt due to inflation. The reform is expected to help lower earners keep more income, though benefits vary by salary levels.
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Published 30 Jun 2026, 19:28 UTC · Updated 30 Jun 2026, 19:30 UTC
Summary by OZbrief Editorial. Original report: SBS News – Australia. Editorial policy · Corrections
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