Critics Warn Planned 20 Percent Cut to Student Debt Could Burden Taxpayers, Spur Inequity

The university sector has backed the plan, while economists are less positive.

Students throw their caps in the air ahead of their graduation ceremony at the Royal Festival Hall in London on Oct. 13, 2015. Dan Kitwood/Getty Images

The Albanese Labor government’s plan to slash student debt by 20 percent has been criticised for unfairly burdening taxpayers and potentially stoking inflation.

Liberal frontbencher Paul Fletcher comparing it to pre-election promises made by former Queensland Premier Steven Miles.