Parliament will resume on October 16, when the Senate will consider the governments proposed changes to higher education. There has been a lot of discussion about many of the changes, but little about the impact of the proposed change to HELP repayments. Here are five things Senators should know.
1. The HELP repayment threshold will vary according to family circumstances
Legislation to drop the minimum HELP repayment threshold for 2018-19 from $57,730 to around $52,000 was passed by the parliament last year. The government is now proposing to further reduce it to $42,000. This is around two-thirds of annualised average weekly earnings (AWE). This threshold will not apply to everyone with a HELP debt.
In 1997-98, the Howar…
Read the full article at: http://theconversation.com/five-things-senators-and-everyone-else-should-know-about-changes-to-help-debts-84843