Labor is delivering on an election promise to trim tuition debt by 20 per cent, which should also increase borrowing power for many.
Stella Kirkby, and millions of others, have been eagerly anticipating the 20 per cent reduction in all HELP loans. Louise Kennerley
My [university] debt is a real Debbie Downer,” says Stella Kirkby, 26, who graduated from Macquarie University in 2021, and owes $26,000 in deferred tuition fees.
She says it’s great news, then, that Labor is following through with its election promise to cut Higher Education Loans Program (HELP) debts (also commonly referred to by the old title of HECS) by 20 per cent.
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Original URL: https://www.afr.com/wealth/personal-finance/student-debt-relief-is-on-its-way-here-s-what-to-know-20250721-p5mgjy
