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The Times

Albanese flags radical changes to student debt – with a 20% overall cut and drop in payment rates

  • Written by Andrew Norton, Professor in the Practice of Higher Education Policy, Australian National University
Albanese flags radical changes to student debt – with a 20% overall cut and drop in payment ratesTaoty/Shutterstock

Over the weekend, the Albanese government announced radical changes to student loans, which would kick in after the next federal election.

Three million Australians with student debt could see their balances cut by 20%. The remaining debt would be repaid under a new system, with no compulsory repayments for people earning less...

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