University graduates struggling with cost of living pressures are in the prime minister’s crosshairs as he attempts to turn a new leaf following controversy over his Qantas flight upgrade and house purchase.

Anthony Albanese will announce his commitment to raising the minimum student loan repayment threshold by approximately $13,000 per year by 2025 so that graduates will begin paying off their debts once they earn $67,000 instead of $54 000 dollars.

This amount would be indexed to remain at 75 percent of graduates’ income.

The government will also move to a marginal repayment system where the amount of debt repaid will be a proportion of income above a given threshold, as recommended by the Universities Accord.

The Prime Minister is seeking to recalibrate his government’s direction after several weeks of scrutiny.

Revelations Mr Albanese received 22 free flight upgrades from Qantas, some while he was transport minister, and allegations he had personal contact with the airline’s former boss Alan Joyce , harassed the Prime Minister for much of the week.

Before that, controversy erupted around his decision to buy a $4.3 million cliff-top property on the New South Wales central coast, with questions over whether the purchase was a “good idea” during a cost of living crisis.

The Prime Minister will join his South Australian counterpart at a campaign rally on Sunday to announce the student loan policy as he begins to lay out Labor’s platform ahead of the next election, expected in May.

“That’s what Labor governments do: we help people under pressure and we build for the future,” Mr Albanese said.

“This will be the heart of the positive and ambitious agenda we will present to the Australian people at the next election. »

An average HELP debt holder will save around $680 per year, with graduates earning $70,000 having to pay $1,300 less and those on $80,000 getting an $850 reduction.

The changes would affect around one million young Australians and apply to all graduates earning up to $180,000 a year.

The government will work to legislate these changes in 2025 and has announced more action regarding student loans.

“Labour will always be the party of education. No matter where you live, no matter how much your parents earn, we will ensure that the doors of opportunity are open to you,” the Prime Minister said.