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flag Australian student debt surged, with 433,208 graduates owing $50K+; 20% debt relief planned, but critics say it favors high earners.

flag Student debt in Australia has surged, with 433,208 young graduates owing $50,000 or more—up 55% in five years—due to rising tuition and indexation, pushing average repayment past 10 years. flag The government plans 20% debt forgiveness, fulfilling a campaign promise, but economists say it mainly benefits high earners. flag High debt burdens hinder home savings, especially for lower-paid graduates in fields like nursing and social work. flag Despite a new home guarantee program, experts warn it may increase long-term borrowing costs. flag University leaders stress that tuition prices remain the core issue, and a new commission will review future fees.

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