Student debts are out of control and rising faster than they can be paid off.
Another student debt avalanche hit on June 1 and debts will be indexed by around 4% this year.
Labor is gaslighting us with their claims of wiping $3 billion in student debt - all they’re doing is shaving some indexation off the top.
Labor’s bandaid plan for the student debt crisis still means student debts rising by 11.5% in their first term of Government. That’s not a solution, that’s a disaster for people already crushed by a housing and cost of living crisis.
The Government is going to squeeze more than $7b from student debt indexation over the next few years, while handing over billions to subsidize coal and gas companies.
Prime Minister Albanese was lucky enough to go to university when it was free, but he’s shackling his constituents with obscene, out-of-control debts for making the same choice. For people who just wanted to go to university or TAFE, this means being locked out of the housing market, making it harder to get loans, to pay rent, and start a family.
Labor has abandoned students and students should abandon them. The Greens are the only party fighting to wipe student debt and make uni and TAFE free.
Join our campaign to end the student debt crisis and demand that Labor:
- Scrap indexation
- Wipe all student debt
- Make TAFE and university free for all
Support Resources
We know that rising student debt is causing real emotional and financial strain on so many people.
There are study, financial, and mental health resources below: