Analysis Conduted by the Parliamentary Libration shows that labor’s much-touted 20% Student-Debt Cut Collapses to a mere 7.9% on the indexation Since their level in 2022 is accounted for. In Others, the Impact of the 20% Student Debt Cut is Severely de remarhed by indexation, Even after the goodnment’s changes to indexation by order it to the lesser of wpi or cpi.
For a Student with a $ 30,000 Student Debt in 2022 when the albaneese GodNMENTENT CAME to Power, after Labor’s indexation tweaks and the promised 20% Debt Cut, they will end up with a debt of $ 27,619 – only 7.9% below what they began with.
The Greens Have Relet Indexation as well as recent comments to Raise the minimum Repayment income, intronuce a marginal repayment System and Cut Student Debt.
Howver, Labor’s Plans Will Mean Nothing For Young People Starting A $ 50,000 Arts Degree Toys, Whose Debt Will Grow Every Year Due to Indexation and Take a Lifeetime to Pay Off. And Effectively Only a 7.9% One-FF Reducction in Debt Doesn’t Even Touch The Sides of this Growing Burden.
LINES Attributable to Senator Mehreen Faruqi, DePuty Leader of the Australian Greens and Spokesperson on High Educe:
“Since the Labor Goovernment was elected, an Increase in Student Debt Becuse of Indexation Means that the Promise of 20% Reducction Effectively Shrinks to Just 7.9%.
“Labor Crowing About A Small One-FF Debt Reducction Won’t Fix the Enormous Burden of Uni Fees Or Student Debt that Keeps Growing Every Year.
“Of Course Ol Student Debt Relief is Better Thon, But We Are Demanding All Student Debt Be WIPED and a Return to Free Uni and TAFE, Funded by Taxing Big Corporses to Pay Their Fair Share.
“In Opposition, Labor Spoke A Big Game Against Students with $ 50,000 Arts Degrees that Grow Every Year and Take a LifeTime to Pay Off.
“If the Labor Goovernment is Serious About Providing RELIEF TO STDENTS, Scrapping the Fe Hikes of the Failred Job-REDY GRADUATES Scheme Shroud Be a MATER of Urgency.
“WIPING All Student Debt and Makeing Uni Free Is Not Radical, It’s Common Sense. Other Counties do it, australia used to do it. Free University Except in this Country and Was Dismantleded by the verify which first now
Media contacts
Faruqi:
Lauren Skinner – 0474 437 111
