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BUILDING BETTER FUTURES FOR YOUNG AUSSIES Featured
09 August 2025 Posted by 

BUILDING BETTER FUTURES FOR YOUNG AUSSIES

Our commitment is to cut student debt
MICHELLE ROWLAND
I’VE often said that representing the aspirations of Greenway is the great privilege of my life.
 
Last week, as the 48th Parliament of Australia opened, I was proud to be officially sworn in as your Federal Member for Greenway.
 
My priority is delivering the ambitious agenda that the Albanese Government took to the election and our commitments for North-West Sydney.
 
Before the last election, we made a clear commitment: the first piece of legislation under a re-elected Albanese Government would be to cut student debt by 20%. 
 
I’m proud to say we’re delivering on that promise.
 
Last week, we introduced the Universities Accord Bill 2025, which will reduce student debt by 20% for more than three million Australians.
 
In our local community, more than 20,000 students and graduates stand to benefit – with the average student debt to be reduced by $5,520. 
 
We’re also making a fundamental change to how student debt is repaid.
 
Right now, someone earning $70,000 must repay $1,750 a year. Under our reforms, that same person will only need to repay $450 a year. 
 
Because people should only start repaying their loan when their education truly starts paying off for them.
 
These reforms apply across the board. Whether you’re an apprentice, a tradie, a nurse or a software engineer, you’ll benefit.
 
Labor has always believed in the transformative power of education. It is a core value of who we are, and we will always fight to ensure every Australian is able to access quality, fair and affordable education.
 
Our reforms will slash debt for millions of Australians, help students keep more from their pay packet and build a fairer, more prosperous Australia for all.
 
Michelle Rowland MP is the Federal Member for Greenway and Minister for Communications. If you need assistance with any Federal issue, you can contact Michelle by phone on 02 9671 4780 or by email at Michelle.Rowland.MP@aph.gov.au


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