A senate inquiry report into a bill that would freeze $74 billion in student debt is set to be tabled in federal parliament next week.
Key points:
- The Greens are also pushing for a rise in the minimum repayment threshold
- Two thirds of submissions received by the senate were from students struggling to repay debt
- The government says there are no plans to pause indexation of HECS/HELP
The Australian Greens’ push to abolish indexing on HELP debt (formally known as HECS) comes as more than 3 million graduates face up to a 7 per cent hike on their debt this June due to spiking inflation.
The Greens, backed by the National Union of Students, argued the scheme was “unsustainable and broken”.
The bill also looks to amend legislation in a bid to “impro…
Read the full article at: https://www.abc.net.au/news/2023-04-13/hecs-senate-inquiry-submissions-pressure-created-by-indexation/102212642