$5,520 HECS Debt Relief For Millions Of Students In $16 Billion Federal Budget Plan

'Underwhelming': Students verdict on the budget

Young people say they feel left out after a “disappointing” federal budget that failed to address or adequately support many of their key concerns. Despite Treasurer Jim Chalmer’s fourth budget on Tuesday night addressing cost-of-living relief, student debt reform, and investment in jobs, it was accused of not going far enough. Satara Uthanyakumaran, the United […] The post ‘Underwhelming’: Students verdict on the budget appeared first on Centra…

$5,520 HECS Debt Relief For Millions Of Students In $16 Billion Federal Budget Plan

The Australian government has announced an ambitious plan to reduce the nation’s student loan debt by a massive $16 billion. As part of the 2025 Federal Budget, the government is set to wipe 20% off the total debt owed under the Higher Education Loan Program (HELP), formerly known as HECS. This one-off payment, coming into effect on June 1, 2025, aims to ease the financial strain on roughly three million Australians carrying student loan debt. T…