Non-Government School Loans

In reply to the Hon. J.A.W. GARDNER (Morialta—Deputy Leader of the Opposition) (5 July 2023). (Estimates Committee A)

The Hon. B.I. BOYER (Wright—Minister for Education, Training and Skills): I have been advised of the following:

As part of the 2022-23 Mid-Year Budget Review, the government approved that the school loans scheme would revert to its previous terms, offering low interest loans at SAFA's borrowing rate plus an administration fee over the entirety of the loan term. As interest charged on loans is related to market conditions, an actual figure cannot be provided at this time.