The Australian Government has made changes to the way indexation is applied to student loans. This change will cap the rate of indexation to be the lower of either the Consumer Price Index (CPI) or the Wage Price Index (WPI). This change will take effect from 1 June 2023, meaning students who had an outstanding VET Student Loan that was indexed on 1 June 2023 or 2024 are likely to receive an indexation credit.
For further information on these changes, please go to What’s New.