While governments have tied our loan increases to inflation for decades, they haven’t always been as eager to raise our repayment threshold – the income at which we have to start repaying our HELP – by the same percentage.increased in line with inflation, from $46,620 in 2020 to $48,361 in 2022.
Millie Muroi, her dad Michihito and mum Riyoko, at her University of Western Australia graduation in 2021.Fortunately, HELP doesn’t affect our credit scores, but it does reduce borrowing power. We’re not only battling against exorbitant house prices and lower wages, but also banks baulking at the idea of lending to us – because of a debt we’re told we shouldn’t worry about.