US EditionCutting HECS debt is the least Albanese could do for young Australians. He should do more
AUSTRALIA, JUL 22 – The repayment threshold rises from $56,000 to $67,000, easing debt for graduates amid growing HECS burdens and tuition fee disparities, costing about $11 billion after accounting for unpaid debts.
- On Wednesday, Education Minister Jason Clare introduced the bill, seeking to cut 20 per cent off all higher education student debts, aiming to wipe more than $16 billion for about three million Australians.
- Following post-COVID inflation surge, successive governments have driven up burdens, and the Morrison government’s 2021 fee shifts amplified disparities, most affecting humanities graduates.
- With the new rules, the minimum repayment threshold rises to $67,000, saving someone earning $70,000 about $1,300 annually, with the average debt of $27,600 losing about $5,520.
- Parliamentary signals suggest the Coalition has flagged it is likely to support the student debt reduction measures, while Shadow education minister Jonno Duniam said the Opposition would likely support it, and the bill is likely to pass with little trouble.
- Overall, the measure aims to deliver cost of living relief, reducing debts for home loans, and demonstrates Anthony Albanese's leadership in supporting young Australians.
19 Articles
19 Articles
Graduates to pocket thousands with uni debt law to pass
Education Minister Jason Clare has introduced legislation to reduce university student debt. (Bianca De Marchi/AAP PHOTOS) By Dominic Giannini in Canberra Laws to cut debts for university students and graduates are expected to be waved through parliament, saving people hundreds of dollars a year in repayments. Federal Education Minister Jason Clare said legislation to slash HECS debts by 20 per cent and increase income thresholds before minimum …
Senate punishes Greens senator Mehreen Faruqi over Gaza protest — as it happened
Prime Minister Anthony Albanese has told the ABC's Afternoon Briefing that a second $800 million AUKUS payment was made to the US earlier this year, as scheduled. Take a look back at the day's coverage here.
Government's first target is HECS debt | Morning News Bulletin 23 July 2025
Coalition expected to support Labor’s student debt relief bill; A further 15 Palestinians die of starvation in Gaza over the past day; And in sport, report finds 2032 Brisbane Games could bring $70 billion dollars to the economy.
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
