Overview

• The House of Representatives approved the student debt relief bill on July 29 with formal support from the Liberal–National Coalition.
• Coalition leader Sussan Ley confirmed her party will not oppose the measure after highlighting the severe cost-of-living challenges facing students.
• The legislation offers a one-off 20% reduction in HELP debts for about three million graduates, cutting the average balance by roughly $5,500.
• It also raises the minimum repayment threshold from $54,000 to $67,000 to ease financial pressure on lower-income borrowers.
• With Labor lacking a Senate majority, the bill now awaits review where Greens senators plan to seek additional amendments.