Australia to slash A$10b off student debt to combat cost of living crisis

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SYDNEY, Nov 3 — Australian Prime Minister Anthony Albanese said on Sunday that his government planned to cut student loa...

Cost of living pressures, stoked by stubbornly high inflation, have a special resonance with a federal election looming and the centre-left Labor government now polling behind their conservative opponents.

The changes would mean the average graduate with a loan of A$27,600 would have A$5,520 wiped, the government said, adding that they would take effect from June 1, 2025.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustralia

Topics: Student debt Cost of living

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-03 @ 12:21:56 (4 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 261 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 23454514

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About Malay Mail

Main Topics: EconomyBusiness

Official Website: malaymail.com

Update Frequency: 7 posts per day

Year Established: 1896

Headquarters: Malaysia

News Last Updated: 8 hours ago

Coverage Areas: Malaysia

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Publisher ID: #106

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