The law to cut student debts by 20 per cent passed Parliament on 31 July 2025.
Key Facts
- Law: Universities Accord (Cutting Student Debt by 20 Per Cent) Act 2025
- Passed: 31 July 2025
- Royal Assent: 2 August 2025
- Applies to debts held on 1 June 2025
- More than three million Australians; over $16 billion
Frequently Asked Questions
When did the HECS cut pass?
31 July 2025.
Who gets it?
People with eligible student debts on 1 June 2025.
How much is cut?
20 per cent.
Conclusion
Millions of people will owe less.
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