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Pyne accepts need to revise university plans

The Abbott government has overhauled its controversial higher education changes, making concessions that could add $3 billion to the cost of rolling out the reforms.

Education minister Christopher Pyne announced the backdown on 1 December in Canberra, urging the upper house to pass the amended tertiary reform bill before parliament’s final sitting for 2014 on 4 December.

The changes include lowering interest rates on student loans and a five-year freeze on interest rates for parents who have completed tertiary studies. 

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