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Is the government getting rid of HECS?

Asked 11 hours ago

Answer

The government is not getting rid of HECS but is introducing a one-off 20% reduction in student HECS debts. This measure aims to ease the burden but does not constitute structural reform or abolition of the HECS system.

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Government set to slash HECS debt

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  • The government has introduced a bill to reduce HECS debts by 20% for graduates. 12s
  • Independent MP Dr Monique Ryan plans to propose an amendment to change the timing of HECS indexation. 42s
  • The $16 billion legislation is criticized by the Coalition as benefiting only a small group. 1m 8s
  • Australia has some of the highest tertiary education fees in the OECD. 1m 23s
  • Around 3 million graduates owe a combined $80 billion in HECS debt, with the average loan just under $28,000. 1m 38s
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References

Government set to slash HECS debt
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10 News First
12 hours ago
Government set to slash HECS debt

The government's reduction in HECS debt is not the structural reform that we need to the HECS system.

Government set to slash HECS debt
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10 News First
12 hours ago
Government set to slash HECS debt

The legislation will see $5,500 wiped off the average loan, but unless they keep doing it every year, debts will continue to pile up.

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