The University of Canberras National Centre for Social and Economic Modelling (NATSEM) has modelled the impact of the changes to the HELP debt repayments the government announced this week.
The government proposes increases in the student contribution to course fees totalling 7.5%, and is lowering the first income threshold for HELP repayment at present just under A$55,000 to $42,000. There are also changes for other thresholds and repayment rates. Thresholds will also be indexed by CPI, not average weekly earnings.
The impact will vary according to the choice of course and the duration of the study. The model contrasts the current system with a fully implemented new system, using 2017 values for both.
University courses…
Read the full article at: http://theconversation.com/natsem-models-the-impact-of-help-changes-77095
