Australia Introduces New Student Support Measures in Higher Education
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Australia is set to transform its higher education sector with the Universities Accord Bill 2024, which has officially received Royal Assent. The bill introduces key measures aimed at easing student debt, supporting underrepresented groups, and addressing workforce shortages in critical fields such as nursing, teaching, and midwifery.
Under the new legislation, FEE-FREE University Ready courses will be offered to help underrepresented students prepare for university education in Australia. These courses will commence on 1 January 2025 and aim to make higher education more accessible.
The Australian government has also announced Commonwealth Prac Payments of $319.50 per week (aligned with the single Austudy rate) for students pursuing nursing, midwifery, and teaching degrees during their mandatory practical placements. This initiative, launching on 1 July 2025, seeks to address staff shortages in essential sectors.
Minister for Education, Jason Clare MP, highlighted the importance of the bill in creating a fairer education system. “This legislation wipes around $3 billion in student debt for over 3 million Australians, easing financial pressure nationwide,” said Clare. The reform includes indexation changes for HELP loans and applies retroactively to 2023, ensuring long-term relief for students.
Additionally, from 1 July 2025, the repayment threshold for student loans will increase to $67,000 annually, up from the current $54,435. Moreover, students with HELP debts will see a 20% debt reduction before indexation is applied, offering significant savings.
The Australian government’s reforms are part of a broader strategy to make education more equitable and strengthen key industries. These initiatives underscore Australia’s commitment to improving student support and fostering a skilled workforce for the future.
Source: SHIKSHA
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