Aussie Students: Debt Reduction & More University Places
Update: 2025-11-27
Description
Big news for Australian students: a one-off reduction in university debt, cutting levels by over five thousand dollars on average. Nearly sixteen billion dollars in debt wiped for university students and apprentices. Half of those with student debt have already seen a twenty percent reduction, with more expected by next week. The Australian Taxation Office automatically applies this cut, easing the burden on young Australians facing cost-of-living pressures. The minimum income threshold for loan repayments has also been raised, and nine thousand five hundred extra university places will be available for domestic students by 2026. These changes support Australians with post-school qualifications, aiming for eighty percent of the workforce to hold a tertiary qualification by 2050.
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