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flag Australian government proposes 20% reduction in student debt and higher repayment thresholds.

flag The Australian government plans to reduce student debt by 20% under new laws, affecting all Higher Education Loan Program loans, VET loans, apprenticeship supports, and student financial aids. flag The threshold for starting repayments will also increase from $54,000 to $67,000, potentially lowering annual repayments by $1,300 for those earning $70,000 annually. flag The Greens' support is needed to pass these laws in the Senate.

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