Labor looks to ease Hecs burden as student debts set to grow more than 4%

The prime minister says ‘we need to do much better for the younger generation’

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The prime minister, Anthony Albanese, has suggested the government is looking to reduce the rate of student debt indexation in response to debts growing by more than 4% this year.

Albanese said on Thursday that “there’s a range of areas we need to do much better for the younger generation and Hecs is one of them” and that announcements would be made “pretty soon” on changes to make the student loan “simpler and fairer”.

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