The Federal Government will cut the student debt of more than three million Australians in this month’s budget, including 17,424 in the electoral division of McEwen.
In a bid to ease the cost-of-living pressures off young people and fight against inflation, the Federal Government will wipe around $3 million in student debt, reverting the effects of last year’s spike in the CPI indexation rate of 7.1 per cent.
Federal Member for McEwen Rob Mitchell praised the government’s response to the indexation spike.
“I’ve heard from students and people with student loan debt who were shocked at last year’s spike in indexation. This government has listened to you and now we’re taking action.
“This will make the system fairer and benefit…
