Australia to slash billions off student debt

Australia announced a sweeping plan to forgive 20% of student debt
The Australian government on Sunday announced a sweeping plan to forgive 20% of student debt for around 3 million Australians. The move, which takes effect in June next year if the current Labor government stays in power, would erase around $10.5 billion ...
Australia to Slash $10 Billion off Student Debt Amid Cost of Living Pressures
SYDNEY (Reuters) - Australian Prime Minister Anthony Albanese said on Sunday that his government planned to cut student loans for around three million Australians by 20%, wiping around A$16 billion ($10.49 billion) in debts.
Australia Plans $10.5 Billion in Student Debt Cuts to Ease Costs
Australia’s Labor government has pledged to cut A$16 billion ($10.5 billion) in student loans for university and other higher education to help ease the rising cost of living.
Government facing pressure from all sides on student debt election pledge
The Albanese government’s pledge to push through sweeping student debt reforms if re-elected is under fire from all sides, with the opposition calling it an inflationary cash splash and the Greens accusing Labor of holding young Australians “ransom”.
Give them a break: Cutting student debt is a good investment
While Australians should contribute to the cost of their tertiary education, the current system has imposed an unreasonable burden on many young people.
Why Australia is slashing $10 billion off student debt
Along with the debt reduction, Labor also intends to increase the HECS repayment threshold from AUD54,000 ($39,500) to AUD67,000 ($49,000). This means graduates would only start repaying their debt when earning above this new threshold.
Australia to slash billions off student debt amid cost of living pressures
The move builds on May’s budget, which attacked cost of living pressures in Australia and gave debt relief for students, as well as more investment, to make medicines cheaper, a
Australian PM Pledges $10.5 Billion Student Debt Reduction
Australia’s center-left Labor government has pledged to cut A$16 billion ($10.5 billion) in student loans for universities and skills colleges ahead an election due by May, aiming to counter voter frustration at rising living costs.
Australian Government to Slash Student Debt by 20%, Benefiting Millions
Australian Government to Slash Student Debt by 20%, Benefiting Millions The Australian government, led by Prime Minister Anthony Albanese, has announced plans to cut student loans by 20%, providing debt relief
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Australia plans US$10.5bil in student debt cuts
Canberra: Australia’s Labour government has pledged to cut A$16bil or about US$10.5bil in student loans for university ...
Albanese flags radical changes to student debt – with a 20% overall cut and drop in payment rates
Australians with student debt would undoubtedly benefit from the proposed changes. But they come with a hefty price tag and ...
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Australia to slash $10B off student debt amid cost of living pressures
which attacked cost of living pressures in Australia and gave debt relief for students, as well as more investment to ...