With a Federal election set for next year, Prime Minister Anthony Albanese has kicked off “pledge season” with a promise to slash student debt if re-elected.
Member for Robertson Dr Gordon Reid said more than 31,000 residents would benefit from the move.
Reid said a breakdown of the number of student debts by electorate revealed that 15,404 residents in Dobell electorate and 15,470 in Robertson would have their debts cut by 20 per cent after the election if Labor was returned to government.
In neighbouring Shortland, which includes the northern Central Coast suburbs of Budgewoi, Mannering Park, Chain Valley Bay, Gwandalan and Summerland Point, 14,824 people have the chance to see student debt relief.
“This isn’t just for uni debts; it also includes debts from TAFE courses and apprenticeship loans that exist on June 1 next year,” Reid said.
“Someone with the average HECS debt of $27,600 would see around $5,520 wiped from their loan next year.
“Combined with other Federal Labor Government measures, the move would see around $20B cut in student loan debt for about three million Australians.”
Reid said the Government would also introduce legislation to establish fee-free TAFE as an enduring feature of the national vocational education and training system, funding 100,000 fee-free TAFE places a year in critical areas from 2027.
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