Anthony Albanese‘s pledge to slash university student debt by 20 per cent is an unfair policy that will end up favouring the rich, new analysis shows.
Labor was resoundingly re-elected in May with a plan to cut student debts by an average of $5,520 with more than three million Aussies having $16billion wiped from their loans on June 1 this year.
The total relief approaches $20billion, with the government also reducing student debt by another $3billion by indexing it to either the consumer price index or the wage price index – whichever is lower.
The e61 Institute think tank argues Labor’s student debt relief policy is unfair because it will mainly benefit those who go on to earn higher salaries later in life.
University graduates are…