A new report says slashing the income threshold at which student debts need to be repaid could raise $500 million in a year.
The Grattan Institute report recommends reducing the repayment threshold from $54,126 to $42,000 to help reign in rising student loan debts under the current Higher Education Loan Plan (HELP).
Grattan Institute Higher Education Program Director Andrew Norton said the HELP scheme did not ensure part-time workers, students who complete vocational education diplomas and dual income couples repay their loans.
“What this will do will be to ensure some of the longer-term part-time workers do eventually repay their debt in a way t…
Read the full article at: http://www.abc.net.au/news/2016-03-29/grattan-institute-report-calls-for-help-to-be-paid-back-sooner/7280852