Editorial
A comparison of debts acquired by graduates elsewhere in the world (particularly in the US) suggest Australian students are not badly off. Photo: Canberra Times
Student debt incurred under the the Higher Education Loan Program represents a large and growing problem for the federal government and for taxpayers. Of the estimated $30 billion on the Commonwealth’s student loan book last financial year, some 20 per cent or $6 billion, is regarded as a “doubtful debt” and unlikely to be repaid.
Estimates are that student debt will more than double to $63 billion by 2019, and it’s against t…
Read the full article at: http://www.theage.com.au/comment/ct-editorial/rising-student-debt-a-threat-to-help-20160329-gntqq4.html