CANBERRA, ACT, July 31 -- The Prime Minister of Australia issued the following media release:
The Albanese Labor Government has today cut all student debts by 20 per cent.
We are wiping more than $16 billion in debt for more than three million Australians.
Our number one focus is continuing to deliver cost of living relief for the Australian people.
Cutting student debt by 20 per cent will ease pressure on workers and students across the country.
For someone with the average debt of $27,600, this will see $5,520 wiped from their outstanding Higher Education Loan Program (HELP) loans.
Backdated to 1 June, this is lifting the burden for Australians with a student debt - including all HELP, Vocational Education and Training (VET) Student...