A general view of university students on campus in Melbourne, Australia, on March 26, 2025. Asanka Ratnayake/Getty Images
Some three million Australians with a student debt will soon see their balance owed reduced as the tax office prepares to implement a 20 percent cut.
The Australian Tax Office will apply the reprieve from mid-November and anticipates half of everyone who owes a student debt will be better off by December.
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