US EditionBill to Cut HECS by 20pc Passes Parliament
AUSTRALIA, JUL 30 – The bill reduces HECS debt for about three million students and graduates, saving roughly $16 billion, and includes reforms to repayment thresholds and systems, government officials said.
- Three million Australian students will see a 20 percent reduction in their education debts after the debt bill passed Parliament.
- The Albanese government introduced the bill as a measure to reduce student debt and reform the repayment system.
- The debt cut will save students and graduates roughly $16 billion and will apply retrospectively before the June indexation.
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Australian Senate Passes Bill to Cut 20 Percent Off Student Debt
Labor’s key election pledge to cut student debt by 20 percent is now official with the Australian Senate passing the bill on July 31. The change is expected to affect 3 million young Australians, delivering an average taxpayer-funded debt reduction of $5,520 per person. The Albanese government’s Universities Accord Bill received support from Labor, the Greens, and crossbench senators David Pocock, Fatima Payman, and Tammy Tyrrell. The final Sena…
HECS debt bill passes through parliament | Midday News Bulletin 31 July 2025
Millions of students will have their debts reduced, after a HECS debt bill passed through parliament, Israel under increasing pressure over Gaza, ahead of US talks in coming hours, Harrison Turner claims Australia's first-ever world championship medal for 200 metre butterfly ...
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