Australian Labor Party

Education

Cut 20% from every student loan (HELP/HECS) debt, about $16 billion for around 3 million people, backdated to 1 June 2025.

The commitment in plain words, not a quote.

Delivered

The law passed Parliament in July 2025, the first bill of the new Parliament.

Reported in

Source: From tax changes to bulk billing, here's when Albanese's key policies are set to begin (11 May 2025)

SBS News · checked 14 Oct 2026

Evidence for the status

Source: Legislation to reduce student loan debt by 20% passes Parliament

Department of Education · checked 14 Oct 2026

How Parliament voted

Universities Accord (Cutting Student Debt by 20 Per Cent) Bill 2025

8 recorded votes, with how each party voted