Labor’s student debt reduction amounts to only 7.9%

Analysis conducted by the Parliamentary Library shows that Labor’s much-touted 20% student-debt cut collapses to a mere 7.9% once indexation since their election in 2022 is accounted for. In other words, the impact of the 20% student debt cut is severely diminished by indexation, even after the Government’s changes to indexation by tying it to…

Student debt relief bill introduced to parliament

The government has introduced its bill to reduce student debt. Photo: Australian National University. The Federal Government has fired the starter’s gun on the business schedule for the new parliament by introducing its legislation to cut student debt. Labor’s bill seeks to cut 20 per cent off all higher education student debts, with the aim…

Student debt relief bill introduced to parliament

The government has introduced its bill to reduce student debt. Photo: Australian National University. The Federal Government has fired the starter’s gun on the business schedule for the new parliament by introducing its legislation to cut student debt. Labor’s bill seeks to cut 20 per cent off all higher education student debts, with the aim…

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Here’s How One Woman Used ChatGPT Advice to Cut Her…

A groundbreaking approach to financial recovery is giving hope to households grappling with rising credit card debt. Thanks to advanced technology, what once felt like insurmountable debt can now be tackled with structured, practical steps, offering a real lifeline for families worldwide. Jenn Allan, who works in Delaware’s property sector, found herself overwhelmed by mounting…

Graduates to pocket thousands with uni debt law to pass

Laws to cut debts for university students and graduates are expected to be waved through parliament, saving people hundreds of dollars a year in repayments. Federal Education Minister Jason Clare said legislation to slash HECS debts by 20 per cent and increase income thresholds before minimum repayments kick in will make the system fairer. “It…