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Murray Olds: Australian correspondent on Australia taking AU$16 billion off student loans

Murray Olds: Australian correspondent on Australia taking AU$16 billion off student loans

Heather du Plessis-Allan Drive · Newstalk ZB

July 31, 20254m 58s

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Show Notes

Australia's parliament on Thursday passed a law to cut student loans by 20 percent - removing over AU$16 billion in debt for 3 million people.

During this year's election, Labor made cutting student debt a key election promise, framing it as a measure to ease living costs and tackle intergenerational inequality.

Australian correspondent Murray Olds explained that the student loan cuts weren't just for degree holders, but trade students also got some of their course-related debts waived too.

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Topics

Australiapoliticseconomystudent loans