Labor Pushes Ahead with 20 Percent Student Debt Cut

The 20 percent cut will apply to all HELP student loans and apprenticeship debt under the federal scheme.

Students enter the University of New South Wales (UNSW) in Sydney, Australia, on Sept. 22, 2016. AAP Image/Dean Lewins

As federal parliament resumed for the first time since the election, Labor introduced its top legislative priority, the Student Debt Cut Bill.

Roughly three million Australians stand to benefit from an automatic loan adjustment later this year, alongside a revamped repayment model.