Greens flag student debt bill as inflation soars
Greens Deputy Leader and Education spokesperson Senator Mehreen Faruqi will today give notice of a private senator’s bill that abolishes indexation on all education and training loans – effectively freezing existing student debt – and raises and ties the minimum repayment income to the median wage.
Student debt has grown rapidly over the last decade, from $25.5 billion in 2012 to more than $68.7 billion in 2021.