Students owing $100000 in HELP debt rises 500pc as budget cuts loom – The Australian Financial Review
The number of student loan debtors owing over $100,000 under the federal government’s Higher Education Loan Program (HELP) is over five times higher than five years ago, according to the latest official figures. Taxation statistics released this month reveal a rapid escalation of student debt; nearly 11,000 people owe the government over $100,000 in 2015-16, up from…