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
Australian Prime Minister Anthony Albanese said on Sunday that his government planned to cut student loans for around three million Australians by 20%, wiping off around A$16 billion ($10 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.
Australia politics live: Littleproud says Coalition will ‘struggle’ to match Labor pledge to cut student debt
They will contribute the economy and pay tax, he says, when asked about the impact on the budget bottom line.   21:12 Bulk billing turning a corner – Butler And naturally Butler was also asked about the upgrades saga.
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.
Pressure mounts on the Australian PM over student debt decisions and alleged Qantas upgrades
Labor's pitch to wipe 16-billion dollars of student loan debt hit stiff opposition in parliament today with the coalition describing, it as a terrible and irresponsible plan. But as the federal government insisted it will ease cost of living pressures for millions of young people.
Economists welcome student debt repayment changes but say government could do better for students than slash HECS debt
Economists have welcomed the government's plan to raise the level of income people need to earn before they need to make ...
Impact of $16 billion HECS debt cut 'kind of invisible'
Middle and high-income Australians are set to benefit most from a plan to slash student debt but even then, it won't ...
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 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 ...
Australia to slash A$16 billion off student debt amid cost of living pressures
Australian Prime Minister Anthony Albanese said on Sunday that his government planned to cut student loans for around three ...
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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 ...