Key Points
- The government has announced plans to eliminate $16 billion worth of student debt.
- Students with tertiary education debt would have 20 per cent of their loan debt wiped.
- The prime minister said the next election is about the next generation.
The Albanese government is promising to cut tertiary student and apprentice debts if it wins the next federal election, under a suite of new policies unveiled at the weekend.
Labor is pledging to cut a further 20 per cent off all student loan debts by 1 June 2025, which it says will wipe around $16 billion in student debt for around three million Australians.
Separately, it will also introduce legislation to establish 100,000 fee-free TAFE places from 2027, in addition to its announcement on…
