Documents reveal the Government looked at recovering HELP loans from deceased estates – ABC News
A plan to recover the student debts of people who have died was under consideration by the Federal Government, documents obtained by the ABC under Freedom of Information reveal.
The Federal Education Department estimated the move could save taxpayers $46 million over a decade, but it acknowledged it would be controversial.
The Government eventually rejected the proposal.
What happens to the debt?
The Government is owed $55 billion by people who accessed the Higher Education Loan Program (HELP), and at least $20 billion of that debt is forecast to be written off.
Under the current law, if a person does not pay off all money they owe under HELP before they die, that de…
Read the full article at: https://www.abc.net.au/news/2019-06-14/foi-reveals-student-loans-deceased-estate-recovery/11203258