this post was submitted on 31 Jul 2025
30 points (96.9% liked)

Australia

4412 readers
222 users here now

A place to discuss Australia and important Australian issues.

Before you post:

If you're posting anything related to:

If you're posting Australian News (not opinion or discussion pieces) post it to Australian News

Rules

This community is run under the rules of aussie.zone. In addition to those rules:

Banner Photo

Congratulations to @Tau@aussie.zone who had the most upvoted submission to our banner photo competition

Recommended and Related Communities

Be sure to check out and subscribe to our related communities on aussie.zone:

Plus other communities for sport and major cities.

https://aussie.zone/communities

Moderation

Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.

Additionally, we have our instance admins: @lodion@aussie.zone and @Nath@aussie.zone

founded 2 years ago
MODERATORS
 

The reforms will deliver:

  • a one-off 20% reduction in HELP and student loan balances, effective from 1 June 2025. Someone with the average Higher Education Loan Program (HELP) debt of $27,600 will see around $5,520 wiped from their outstanding student loan.

  • Lower repayment amounts, under a new marginal repayment system making it easier to manage living expenses.

  • Higher income thresholds, increasing how much people can earn before repayments are required, allowing graduates to keep more of their earnings. The new repayment threshold will change from $54,435 to $67,000.

top 2 comments
sorted by: hot top controversial new old
[–] Tau@aussie.zone 4 points 2 days ago (1 children)

Would have been nice a couple of years ago before I paid off the last of mine, but I guess one can't have everything...

You could if you were a billionaire. Although there is a paradox in that technically you'd have no soul.