Report Proposes Lower 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. Image: Federal Education Minister Simon Birmingham (AAP)

The Grattan Institute recommends graduates begin repaying government loans once they earn over 42-thousand dollars per year, instead of around 54-thousand-dollars.

 

In this report, it says too many student borrowers either don't repay what they owe, or are taking too long to clear their debts.