The federal government’s election pledge to reduce student debt for about three million Australians will be a legislative priority for the first week of the new parliament.
University graduates will have their debt reduced by 20%, but e61 Institute economists Jack Buckley and Matthew Maltman have concluded that people in the top third of income-earners will benefit the most from the proposed student debt relief, as will those who graduated some years ago.
Specifically, e61 cites the following concerns with the debt forgiveness policy.
