Albanese government pledges major student debt overhaul

Student debt repayments could be slashed by thousands of dollars under a new plan from the Albanese government. From July 1 next year, repayments will only have to be made when a person earns $67,000 a year, instead of the current minimum repayment threshold of about $54,000. According to the government, a person earning $70,000 annually will see their compulsory payments reduced by $1,300 a year under the changes.