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20% reduction of student loan debt - Department of Education The Australian Government introduced the Universities Accord (Cutting Student Debt by 20 per cent) Bill 2025 into Parliament on 23 July 2025 to reduce Higher Education Loan Program (HELP) or student loan debt by 20%, subject to the passage of legislation
Legislation introduced to reduce HELP debt by 20% and change HELP debt . . . On 23 July 2025 the Universities Accord (Cutting Student Debt by 20 per cent) Bill 2025 was introduced into Parliament to reduce Higher Education Loan Program (HELP) debt by 20% and making the HELP loan repayment system fairer by increasing the amount people can earn before they are required to start repaying their loan and making the size of their compulsory repayments smaller The
Study and training loans – whats new - Australian Taxation Office The government has proposed a 20% reduction to study and training support loans that exist on 1 June 2025, subject to the passage of legislation Indexation of 3 2% will apply to all loans on 1 June 2025
HECS-HELP Debt Reduction coming in 2025: What you need to know The Australian Government has announced a major relief measure for students and graduates with outstanding HELP (formerly HECS) debts From 1 June 2025, a one-off 20% reduction will be applied to all eligible student loans — a move expected to benefit more than 3 million Australians