Labor’s signature Hecs debt relief will be introduced to parliament this week. Here’s what it means for you

Labor will target millions of younger voters by pledging to slash student debt in a final push for power at the federal election this Saturday.

The Labor government has unveiled a bold election promise, committing to a 20 per cent cut on all student loan debts if re-elected.

Labor under fire for HECS/HELP indexation timing Many Australians voted Labor in on their student loan promises – but some have since seen their debt go up.

Australia will go to the polls with Labor proposing to slash student debts by 20 per cent and the Coalition lashing it as a burden on the rest of the country.

For most people the policy affects, the timing may not seem critical. But a fraction are owed refunds from the government and still don’t have that money in their pockets.

One Nation Chief of Staff James Ashby says the Albanese government’s HECS reforms “haven’t gone far enough”.

Labor promised to slash student debts if it won the federal election. We’ve answered your questions on what you need to do to have your outstanding debt reduced.

The HECS-HELP loan indexation adjustment is a tiny fraction of the crippling debt confronting university students amid the worst cost-of-living crisis in a generation.

Labor wants to wipe 20 per cent off everyone’s student loans and while it’s great news for millions of Aussies, some aren’t happy.

(Source: www.liberal.org.au)

New research shows a sharp rise in HECS debts, despite graduate earning power declining, as student loans become a potent election issue for the first time.

Labor has promised to slash student debt in a “massive” election pledge designed to appeal to young Australians.

Wiping debt will help students and graduates but the changes are not as good as they should be. Particularly if you have a HELP debt and a family to support.

Labor’s signature Hecs debt relief will be introduced to parliament this week. Here’s what it means for you

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