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Australia's Albanese government plans a 20% student debt cut, equating to 7.9% after inflation, amid taxpayer concerns.
The Albanese government plans to cut student debt by 20%, but a parliamentary analysis shows this will result in only a 7.9% reduction after accounting for three years of indexation.
The $16 billion debt relief package aims to assist about 3 million people, but critics argue it's unfair to taxpayers without student debt.
The reduction will be automatically applied to outstanding debts, with an increased minimum repayment threshold to $67,000.
The Greens and Coalition are expected to support the bill.
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El gobierno albanés de Australia planea un recorte del 20% de la deuda estudiantil, lo que equivale al 7,9% después de la inflación, en medio de las preocupaciones de los contribuyentes.