Millions of Australians are still facing a weeks-long wait to see promised student debt relief kick in after the new legislation took effect in late September.

The laws fulfil a key election pledge to cut student debt by 20 per cent for all Australians.

Today, it's been revealed when people can expect to start seeing that tangible relief.

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The tax office will begin applying the cut from mid-November, and anticipates that 50 per cent of people with a student debt will see the cut kick in by the end of that month.

Almost everybody else will see the cut applied to their balance by mid-December.

"Soon millions of Australians with student debt will get a text message from the ATO when the 20 per cent cut to

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