University students will spend thousands more repaying their student loans and graduates will be slugged with a $2.7bn interest bill this year, after a huge increase in borrowing rates. Tertiary debt will swell this year after the indexation rate on ...
More »Higher education debts to surge
A huge deadline is looming for almost three million university students saddled with student debt, who have just six days before they are hit with a big payment increase. From June 1, the indexation rate applied to HECS–HELP loans will ...
More »Eliminating rogue, ‘ghost’ and insolvent VET training providers
Heartbreaking stories of people signing up for courses to further their careers only to receive nothing and have an outstanding debt has been just one of the problems plaguing Australia’s VET sector after the VET FEE-HELP scheme was introduced. Bianca Hackett, ...
More »‘We stan education!’: AI influencer’s marketing ploy capitalises on student debt anxiety
The anxiety-soaked issue of US student loans has been in the spotlight recently. Earlier this year, in a stunning act of altruism, US billionaire Robert Smith eliminated the debt of a 2019 graduating class. In March, Democratic runner Bernie Sanders ...
More »Universities collectively outraged by MYEFO
What does it take to get higher education cuts through parliament? The government thinks its latest measures – released as part of their Mid-Year Economic and Fiscal Outlook (MYEFO) – might do it. But universities aren't so sure. A summary of ...
More »Senate inquiry into higher-ed reform
A Senate inquiry into the federal government’s controversial higher-education reforms will now help decide the fate of the Coalition's plans, as a committee has been called to report back to the upper house by the end of October. The inquiry was ...
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