Billions to be slashed from student debts, as Labor’s key election promise passes parliament

Labor’s election promise to reduce student debts by 20% has successfully passed parliament, benefiting over 3 million Australians with an average relief of $5,520. The bill also raises the minimum income repayment threshold from $54,000 to $67,000 and lowers repayment rates, despite opposition from One Nation senators and an empty opposition bench during the vote.

Want More Context? 🔎