Australian student loan debts are poised to rise by a substantial 4.8% in 2023, translating to an average increase of $1,272 for those holding Higher Education Loan Program (HELP) debts. This annual increase is driven by indexation, which adjusts debts based on inflation. The latest calculation, conducted by the Parliamentary Library for the Greens, projects that HELP debts will rise significantly as the March quarter inflation data indicates.