3 Million Australians to See Student Debt Shrink

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3 Million Australians to See Student Debt Shrink

Australia News

3 Million Australians to See Student Debt Shrink

A general view of university students on campus in Melbourne, Australia, on March 26, 2025. Asanka Ratnayake/Getty Images

AAP

AAP

|Updated:

0:00

Some three million Australians with a student debt will soon see their balance owed reduced as the tax office prepares to implement a 20 percent cut.

The Australian Tax Office will apply the reprieve from mid-November and anticipates half of everyone who owes a student debt will be better off by December.

AAP

AAP

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Australian Associated Press is an Australian news agency.

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