Australia to slash $10 billion off student debt amid cost of living pressures
- Australia plans to cut student loans for around three million Australians by 20%, reducing debts by approximately A$16 billion, as stated by Prime Minister Anthony Albanese.
- The average graduate will see A$5,520 wiped from their A$27,600 loan, with changes effective from June 1, 2025, according to the government.
- Albanese announced plans to guarantee 100,000 free Technical and Further Education places yearly if re-elected in 2025, expressing a commitment to improve education.
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Leaning Left2Leaning Right2Center4Last UpdatedBias Distribution50% Center
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