The prime minister's tweet about increasing student support payments by six per cent has been met with questions over inflation and indexation.
Member for Brisbane Stephen Bates was also critical and pointed out that payments routinely increase each year regardless of who is in government.
Each year, indexation is applied to unpaid HECS-HELP debt, adjusting it in line with changes in the cost of living as measured by the Consumer Price Index .In June 2022, the indexation rate applied to study and training loans such as HECS-HELP rose to 3.9 per cent — up from 0.6 per cent in 2021 and the highest in 10 years.
Prior to the COVID-19 pandemic — between 2018 and 2020 — the indexation rate hovered around two per cent.In March, Mr Albanese was critical of the then-Morrison government for increasing payments by $20 to those receiving Jobseeker, age pension, disability support pension, and carer payments.
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