Slashing the Hecs debts of millions of university students will be a major boost for young Australians, the education minister says, as the federal government seeks a reset by targeting younger voters.
The government has indicated it will take 20% off students debts, which would apply to $16bn worth of loans, if Labor wins the next election.
It means students with the average Hecs debt of $27,600 would have more than $5,500 taken off their loans, helping an estimated 3 million people.
The education minister, Jason Clare, said the changes would provide much-needed support to students.
“A lot of young Australians are doing it tough at the moment. They’re just starting out, they’ve just finished their uni degree … this will cut the…
