Student debt will increase by over $1 billion today, as students and graduates already struggling with skyrocketing uni fees and the cost of living crisis are hit with 2.8% indexation.
As stated by Senator Mehreen Faruqi, Greens Deputy Leader and spokesperson for Tertiary Education:
"While the Albanese Labor government sits on its hands refusing to immediately get rid of job-ready graduates fee hikes, arts students will get smashed with another hit as the cost of their $50,000 degree grows yet again with indexation.
"Young people are already being locked out of the housing market, denied loans and rethinking dreams of further study, and things are only getting worse because Labor has not scrapped job-ready graduates.
"The Prime Minister cannot claim to be addressing intergenerational inequity while keeping in place the grossly unjust job-ready graduates fee hikes, which are disproportionately impacting young people and already disadvantaged students.
"The time to get rid of JRG is now, not in 18 months or another two years. There is nothing stopping the Albanese government from doing so except themselves."
