The Universities Accord (Cutting Student Debt by 20 Per Cent) Bill is an admission of abject failure by the Albanese government—failure to control inflation, failure to protect young Australians from Labor’s shocking cost-of-living crisis, failure to deliver a student loan scheme which is fair for all and failure to show any regard for the 24 million Australians who don’t have a student debt. This measure is only necessary because, under Labor, student debt has skyrocketed out of control since the Albanese government was elected. In 2022, HELP indexation was up 3.9 per cent. In 2023, student debts rose a staggering 7.1 per cent. In 2024, the increase was 4.7 per…