The architect of the HECS-HELP system says misinformation is creating anxiety in the community about the effect of inflation on student debt.
Key points:
- Abolishing indexation on HECS-HELP debts would not put more money in the pockets of people with student debt
- Removing indexation altogether would mean all taxpayers bore the cost of inflation
- Making university degrees free would reduce the number of places in tertiary education
Emeritus Professor Bruce Chapman has moved to reassure those nervous about the level of indexation that will be applied to their HECS-HELP debts in June.
“I think that it’s unfortunate that it hasn’t been a bit more clear in the public debate,” Professor Chapman told ABC News Daily.
“The issue is one of fear and m…
Read the full article at: https://www.abc.net.au/news/2023-04-19/hecs-indexation-explainer/102237170