Australia announced a sweeping plan to forgive 20% of student debt
Australian Prime Minister Anthony Albanese is seeking a second term in office.
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- Australian prime minister Anthony Albanese said he would cut student debt by 20% next year.
- The move aims to boost "intergenerational equity" amid Labor's tight election race.
- The plan would erase $10.5 billion worth of debt — but not everyone is convinced it's worth it.
The Australian government on Sunday announced a sweeping plan to forgive 20% of student debt for around 3 million Australians.
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