Disaster Recovery Information - click here

Carey Group Quarterly Newsletter 2025

Changes to Study loans

The indexation rate for study and training loans is now based on the Consumer Price Index (‘CPI’) or Wage Price Index — whichever is lower.

The indexation rate for study and training loans is now based on the Consumer Price Index (‘CPI’) or Wage Price Index — whichever is lower.

This change has been backdated to indexation applied from 1 June 2023 for all HELP, VET Student Loan, Australian Apprenticeship Support Loan, and other study or training support loan accounts. Consequently, indexation rates for 2023 and 2024 have changed to:

3.2% for 1 June 2023 (reduced from 7.1%); and
4% for 1 June 2024 (reduced from 4.7%).

Individuals who had a study loan that was indexed on 1 June 2023 or 1 June 2024 do not need to do anything. Individuals whose study loan is in credit after the adjustment may receive a refund for the excess amount to their nominated bank account, if they have no outstanding tax or commonwealth debt.

If you have any questions in relation to this article, please call our office on 07 4760 5900 or email info@careygroup.com.au

 

Contact Our Team

With over 70 years of combined experience, our team is ready to take on your financial matters with accuracy and focus. Contact us today.

Scroll to Top