Hecs/Help debt to rise by 4.8% from June, as indexation sees average loan rise by more than $1200

Greens criticise Albanese government’s ‘abysmal lack of action’ as CPI figures show education costs driving up inflation

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Millions of Australians with student loans will be hit by increases of more than $1,000 in June, new figures show, as calls grow for the commonwealth to act on a growing “debt spiral”.

Quarterly figures, released by the Australian Bureau of Statistics on Wednesday, revealed inflation grew by 3.6% over the year to 31 March, in large part due to a rise in education costs, which grew by 5.9%.

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