04/12/2024
📢 Update: Study and Training Loan Indexation 🎓💰
Good news! The annual indexation for study and training loans has changed. From 1 June 2023, it will be based on the lower of the Consumer Price Index (CPI) or Wage Price Index (WPI).
New Rates:
➡️ 1 June 2023: Reduced from 7.1% to 3.2%
➡️ 1 June 2024: Reduced from 4.7% to 4%
If your loan is in credit after adjustments, the amount will be used to offset tax debts or refunded to your nominated account.
Most credits will appear by January 2025. Update your bank details to ensure quick processing.
Visit the ATO website for more info.
