The Albanese Labor Government will cut a further 20 per cent off all student loan debts, wiping around $16 billion in student debt for around three million Australians.By 1 June next year, the Government will cut 20 per cent off all student loans to reduce the debt burden for Australians with a student loan. This will cut around $16 billion in debt, including all HELP, VET Student Loan, Australian Apprenticeship Support Loan and other income-contingent student support loan accounts that exis...
