‘Best Text Message Ever’: Albanese Government Begins 20% Student Debt Cut for 3 Million Australians – What It Means for You Today (22 November 2025)
A once‑in‑a‑generation overhaul of Australia’s student loan system is finally hitting people’s accounts, with the Albanese Government’s promised 20% cut to all HELP and other study debts officially rolling out from today. Around 100,000 Australians will see their balances drop this weekend, with about 3 million people set to share in a $16 billion wipe‑out over the next few weeks. 9News+2News.com.au+2 At the same time, a higher income threshold for compulsory repayments has kicked in, meaning many graduates won’t have to start paying back their loans until they earn $67,000 a year, up from $54,435. ministers.dewr.gov.au+1 What’s happening today? From