Young Australians say they are still facing decades of repayments for their student loans, despite Labor introducing a bill to slash HECS debts by 20 percent.
Education Minister Jason Clare tabled the bill on Wednesday as the re-elected Albanese government’s first act in parliament.
Clare said the legislation would cut the debt of three million Australians, with the average HECS debt of $27,600 being reduced by around $5500.
The reform will also raise the minimum amount before people have to start making HECS repayments from $54,435 to $67,000 and reduce minimum repayments.
“This is a big deal for three million…