with The Hon Michelle Rowland MP
Education should empower , not burden , Australians .
That ’ s why the Albanese Government ’ s decision to cut 20 per cent off all student loan debts is a crucial step toward a fairer , more accessible education system that helps millions nationwide .
For these hardworking Australians , this reform will make a real difference .
Whether juggling rent , childcare , or daily living expenses , students with HELP debts now have the opportunity to see their financial load lightened significantly .
From June next year , anyone with an existing student loan — whether from university , TAFE , apprenticeships , or vocational education — will benefit from a 20 per cent reduction .
For someone with the average HELP debt of $ 27,600 , this means around $ 5,520 simply wiped away , freeing up that money for other vital expenses .
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This isn ’ t just relief — it ’ s recognition of the importance of education and the heavy cost that can come with it .
Many Australians struggle with the added pressure of repaying loans while managing housing , living expenses , and family needs .
This 20 per cent reduction , combined with our recent indexation reform , aims to ease this burden in a practical way .
Beyond debt relief , we ’ re adjusting the repayment system to allow Australians to keep more of their earnings before they start repaying their student debt .
This is a holistic approach to ease the financial strain on graduates and working Australians , allowing them to put money toward their lives and futures .
With 500,000 fee-free TAFE places , expanded University Study Hubs , and a new framework to ensure managed growth and needs-based funding for universities , we ’ re building an education system that works for everyone .
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Reducing student debt is about more than just money — it ’ s about delivering real , lasting change for Australians .
We believe in an Australia where no matter where you live or your financial background , education is within reach , opening doors to opportunity and prosperity .
Together , these reforms ensure a brighter future for all Australians , especially those in Greenway , empowering our community to build the future our country deserves .
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Michelle Rowland MP is the Federal
Member for Greenway and Minister for Communications . If you need assistance with any Federal issue , you can contact Michelle by phone on 02 9671 4780 or by email at
Michelle . Rowland . MP @ aph . gov . au .
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