The Turnbull government is pushing ahead with plans to make university graduates repay their student debts sooner.
The legislation to cut the HECS-HELP repayment threshold from $55,000 to $45,000, among other measures, was introduced to parliament on Wednesday.
The move was flagged in December’s mid-year budget update, and is an easing of what the government originally wanted to do – cut the threshold to $42,000 – with its higher education changes included in the May 2017 budget.
That original package was stalled in the Senate and will now be dropped.
The cut to the repayment threshold was expected to save the budget $245 million over the next four years.
The bill also includes a new lifetime limit on how much students can borrow from taxpay…
Read the full article at: https://www.sbs.com.au/news/govt-pushes-students-to-repay-debt-sooner
