A Grattan Institute report has recommended the income threshold for university debt repayments should be cut by $12,000, saving $500 million every year.
Australians should pay back their university loans sooner to slash soaring debt costs to the Commonwealth, a think tank recommends.
The Grattan Institute report, released on Tuesday, says cutting the income threshold for HELP loan repayments from $54,126 to $42,000 would save $500 million every year while maintaining the program's effectiveness.
Education Minister Simon Birmingham is looking at the issue, saying funding of university students had essentially grown at twice the rate of the economy.
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