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Historic $16 billion cut to student debt comes into effect

Millions of Australians have had their student loans cut as the federal government’s 20% debt reduction measure comes into effect. The one-off debt reduction measure will benefit over three million Australians with the first 100,000 having received notifications via SMS text message, email or their myGov inbox. The Australian Government’s Universities Accord (Cutting Student Debt by 20 per…