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Labor passes student debt bill cutting loans by 20 per cent for millions of Australian students
Australian Prime Minister Anthony Albanese speaks to University students and TAFE students during a meeting at Parliament House in Canberra, Monday, November 4, 2024. Credit: AAP Image/Lukas Coch
On July 31, 2025, the Labor government passed a student debt bill in Parliament that will reduce the education loans of nearly three million Australian students by about 20 per cent. Prime Minister Anthony Albanese stated that reducing student debt was the government's top priority, and this promise has now been fulfilled. In this podcast, we share detailed information about the bill along with students’ reactions to the change.
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