Report proposes lowering student loan repayment threshold

A Melbourne-based policy research group says lowering the salary threshold for higher-education-loan repayments could raise as much as half-a-billion-dollars-a-year towards the federal budget. The Grattan Institute recommends graduates begin repaying government loans once they earn over 42-thousand dollars per year, instead of around 54-thousand-dollars. It says too many student borrowers either don't repay what they owe, or are taking too long to clear their debts.

Education Minister Simon Birmingham Source: AAP