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flag Australia's Albanese government plans a 20% student debt cut, equating to 7.9% after inflation, amid taxpayer concerns.

flag 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. flag The $16 billion debt relief package aims to assist about 3 million people, but critics argue it's unfair to taxpayers without student debt. flag The reduction will be automatically applied to outstanding debts, with an increased minimum repayment threshold to $67,000. flag The Greens and Coalition are expected to support the bill.

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