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Australia wipes $13b off student loans, targeting cost of living relief
Australia's parliament on Thursday (July 31) passed a law to cut student loans by 20 per cent, wiping more than A$16 billion (S$13.37 billion) in debt for three million people, and fulfilling a key election promise to help mitigate the rising cost of living.
Australia is undoubtedly an expensive place to live. Global researcher Expatistan estimates that our cost of living is higher than 90% of other countries, which makes earning a decent salary ...
Published: August 20, 2023 4:04pm EDT This article is part of The Conversation’s series examining Australia’s cost of living crisis. You can read the other articles in the series here.
She cited the cost of a gallon of gas at $4.85, more than $1 above the national average, and a gallon of milk at about $7.25, nearly $3 above the national average.
Australian Prime Minister Anthony Albanese said on Sunday that his government planned to cut student loans for around three million Australians by 20%, wiping off around A$16 billion ($10 billion ...
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