Ballooning HECS loans have long been a subject of debate and, for millions of young Aussies saddled with student debt, the call for a major shake-up in the system cannot come soon enough.
The Albanese government recently received 47 recommendations following the biggest review of universities in decades, including a proposal to overhaul the current repayment system to make it “fairer and simpler” a move that could potentially save young debt-ridden Aussies up to $1,000 a year.
The government wants to see the number of university places double by 2050, but there are growing concerns among many young Australians who are already questioning whether the weight of a HECS loan and years of effort to earn a degree is worth it, especially with …
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