The Greens promise to REMOVE all student loan debt from Australians if the party holds the balance of power

The Greens promise to REMOVE all student loan debt from Australians if the party holds the balance of power

  • Greens hope to hold balance of power after May federal election
  • Their policies include free education and the elimination of student debt.
  • They will pay for their big expenses with additional taxes on the wealthy and corporations

The Greens promise to eliminate all student loan debt if they hold the balance of power after the federal election.

This would mean that not all Australians with student loan debt would be required to repay it.

The Greens have embraced the policy for some time, but education spokeswoman Mehreen Faruqi will bring it up in media appearances on Thursday.

Greens promise to eliminate all student loan debt if party can secure checks and balances in federal election

Student debt shouldn’t be an added burden for people who are already struggling, especially after the effects of the pandemic,” she said.

“Many current MPs, including the Prime Minister, went to college when it was free, but now students are saddled with tens of thousands of dollars in student debt that often takes decades to pay off. .”

In 2020-21, the average student debt in Australia was $23,685. The total value of HELP debt in 2020 was $66.6 billion.

The Greens want to make childcare, school and university free.

They will pay for their measures by increasing Australia’s public debt and levying new taxes on the rich and big business.

The Greens have proposed a billionaire tax that takes six percent of the wealth of anyone with a net worth of over $1 billion.

They also want a corporate super-profits tax, which applies a 40% tax to companies with revenues over $100 million a year.

Greens education spokeswoman Mehreen Faruqi wants to eliminate all student debt in Australia

Greens education spokeswoman Mehreen Faruqi wants to eliminate all student debt in Australia

University was free in Australia from 1974, but fees were reintroduced in the mid-1980s.

The Greens hold just one seat in the House of Representatives but are aiming for more in the May election.

Labor has insisted they will not form a coalition with the Greens if they fail to secure a majority.

This means that the Greens’ policy is unlikely to see the light of day.

Anthony Albanese has pledged to fund up to 20,000 additional university places and 465,000 free places at Tafe – but has no policy on student debt.

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