Students are drowning in debt. Will Labor’s plan help them?
Update: 2024-11-10
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Last week the prime minister delivered a pitch to young Australians: Labor will slash their student debt by 20% next financial year if the Albanese government is re-elected. The surprise announcement is part of a major federal government overhaul designed to boost access to education and address ‘intergenerational unfairness’. But while the move has been welcomed by many, it has also been widely criticised for not doing enough to help students as well as unfairly penalising all taxpayers. Chief economist at the Australia Institute and Guardian columnist Greg Jericho gives his take on why Labor’s plan isn’t perfect but why the feigned outrage over ‘fairness’ is wrong You can support the Guardian at theguardian.com/fullstorysupport
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