The federal government has been handed a gift in the lead-up to the Federal Budget, in the form of a report that will help it push the case for an overhaul of the student loans scheme.
The Parliamentary Budget Office this week released its report into the higher education loan program, and has predicted that loans for education will
account for almost a fifth of net public debt in ten years.
HELP loans, which provide assistance to tertiary students in subsidised courses as well as full-fee university and vocational courses, currently cost the
Commonwealth $1.1 billion to offer. That figure will balloon to $11.1 billion dollars in 2025-26. Over the same period total student debt will grow
to…
Read the full article at: https://www.choice.com.au/money/budget/cost-of-living/articles/2016-budget-help-loan-changes
