For those students and ex-students with HELP, or what was called HECS debt, in Lismore and the Northern Rivers, there is some good news today as the Australian Federal Government has cut all student debts by 20 per cent.
In Australia, that is three million people with student debt at a cost of more than $16 billion.
The government says its number one focus is continuing to deliver cost-of-living relief for all Australians, and that 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…