Australia wipes $10 billion off student loans, targeting cost of living relief

SYDNEY (Reuters) -Australia’s parliament on Thursday passed a law to cut student loans by 20%, wiping more than A$16 billion ($10.31 billion) in debt for 3 million people, and fulfilling a key election promise to help mitigate the rising cost of living. Read full story

Source : https://www.thestar.com.my/news/world/2025/07/31/australia-wipes-10-billion-off-student-loans-targeting-cost-of-living-relief