A total of $3 billion will be wiped off millions of Australians’ student debts for tertiary education in an Albanese government pitch to younger voters punished by years of rising rents and consumer prices.
“We are doing this, and going further. We will backdate this reform to last year. This will wipe out what happened last year and make sure it never happens again,” Clare said in a statement on the announcement, part of“This will wipe out around $3 billion in student debt from more than three million Australians,” he said.
Independent MP Monique Ryan – a member of the cohort of teal MPs who were heavily backed by younger voters in their former Liberal electorates – gathered 270,000 signatures on a petition to modernise the student loan system.
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