"While the committee agrees that measures should be taken to ease the cost-of-living burden on Australians, it is unclear whether the measures proposed in the bill will achieve this effectively," the report said.
There is currently more than $75 billion in outstanding university and vocational education loans owed to the federal government.The Department of Education estimated Senator Faruqi's bill would cost an additional $9 billion over forward estimates in foregone payments., from more than 600,000 loans in 2016, to nearly 830,000 loans in 2019.The department said the system took into account the fact that it would get all of that money back, but it still saw the proposed changes as a risk.
Ms Tran graduated from university with a Bachelor of Arts in 2018. She was left with more than $28,000 in HECS-HELP debt. Back in 2018 the then-Coalition government lowered the repayment threshold from nearly $56,000 to just over $48,000.Ailis Steele, 24, is doing a double degree in nursing and midwifery."It's not about the money. I currently work in accounting, and if I stayed in accounting I would earn significantly more than I would if I ended up as a midwife, which is what I plan on doing," she told Hack.
pity they dont increase wages and social security payments by 7% then. They have just admitted that inflationary costs have increased by that amount.
Literally a personal choice to attend university by means of HECS
Who do they think is going to pay for it? The working classes?
I didn’t know the govt funded the abc.
Government funded media
Why don’t parents do what I did and simply pay the HECS debt off Simple
If you can't afford it then don't do it... Too easy.👍
It was a Labor Government that brought in Uni fees and HECS debts from what was a virtually fee University courses. The should drop all fees and let Students get what many of them got- free tertiary education
Health, education and public infrastructure are the three things that should never be outsourced or in private hands, but here we are with education been a debt trap
Precisely a short term measure what's needed is sensible funding and an ETS
This Labor government is destroying so many peoples lives with their cost of living crisis and record inflation. Not to mention most of Australias debt was caused by this man and his world record lowdowns and his good friend China for lying to the world.