Tasmanian Senator Tammy Tyrrell proposes a HECS debt reform plan amid the cost-of-living crisis.
Tasmanian Senator Tammy Tyrrell proposes a HECS debt reform plan, stating that the fear of debt shouldn't stop individuals from pursuing further education. She claims that HECS debt repayments are growing increasingly burdensome, especially during the current cost-of-living crisis. The Albanese government recently announced a change to the HECS debt system, aiming to tie the rate of indexation to either the consumer price index (CPI) or the wage price index (WPI), whichever is lower at the time. However, Tyrrell argues that this change will not make a significant difference in reality, as both the CPI and WPI are already low.
May 12, 2024
31 Articles