Crippling student debts will be slashed for more than three million Australians as the Albanese Government moves to shield young people from more huge hikes amid the cost-of-living crisis by backdating changes to student loan schemes.
Under the reforms, someone with an average HELP debt of $26,500 will see around $1200 wiped from their outstanding loans.
https://thewest.com.au/news/education/federal-budget-albanese-government-reduces-debts-for-uni-students-apprentices-amid-cost-of-living-crisis-c-14534796