Albanese government must follow recommendation from poverty panel, backbenchers say; higher inflation to put more pressure on Hecs debt. Follow live
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Independent MP Zoe Daniel will join a growing coalition calling upon the federal government to implement urgent reform to ease the pressure of student debt following the release of the latest indexation rate.
The repayment of Hecs, formerly Help loans, are tied to indexation, which calculates the level of compulsory repayments.
The data shows that women are disproportionately affected by rising university costs, and that the current indexation system further exacerbates the gender pay gap. Average debts have climbed from $12,990 in 2008-09 to more than $22,000 in 2021-22. Repayment is taking more than two years longer than in 2005-06. Tertiary education is more than a cost – it is an investment in our future. A better educated workforce means greater productivity and greater prosperity for all.
Continue reading…Albanese government must follow recommendation from poverty panel, backbenchers say; higher inflation to put more pressure on Hecs debt. Follow liveGet our morning and afternoon news emails, free app or daily news podcastIndependent MP Zoe Daniel will join a growing coalition calling upon the federal government to implement urgent reform to ease the pressure of student debt following the release of the latest indexation rate.The repayment of Hecs, formerly Help loans, are tied to indexation, which calculates the level of compulsory repayments.The data shows that women are disproportionately affected by rising university costs, and that the current indexation system further exacerbates the gender pay gap. Average debts have climbed from $12,990 in 2008-09 to more than $22,000 in 2021-22. Repayment is taking more than two years longer than in 2005-06. Tertiary education is more than a cost – it is an investment in our future. A better educated workforce means greater productivity and greater prosperity for all. Continue reading…