The Albanese government’s landmark student debt relief bill has cleared the House of Representatives, bringing long-awaited financial relief for more than three million Australians one step closer to reality.
The legislation, which proposes a 20 per cent reduction in student loan debt and a significant increase to the repayment threshold, was passed with support from both major parties. The average student debt relief under the new policy would amount to around $5,500.
Although Labor commands a 94-seat majority and could have passed the bill unilaterally, Coalition support was critical for its expected passage through the Senate, where Labor lacks a majority and the Greens have signalled potential resistance unless amendments are…