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Students walk at the University of Newcastle’s Callaghan campus in New South Wales, Australia on March 24, 2025. Roni Bintang/Getty Images
Labor’s key election pledge to cut student debt by 20 percent is now official with the Australian Senate passing the bill on July 31.
The change is expected to affect 3 million young Australians, delivering an average taxpayer-funded debt reduction of $5,520 per person.
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