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 this background that the Grattan Institute has proposed tightening the terms and conditions on debt repayment. Under the plan, graduates w…
Read the full article at: http://www.canberratimes.com.au/comment/ct-editorial/rising-student-debt-a-threat-to-help-20160329-gntqq4.html