Treasurer Scott Morrison is being urged to introduce a plan to allow graduates to use their retirement savings to pay off government loans to cover course fees.
Liberal senator Chris Back says the plan would target graduates in their twenties and thirties who have Higher Education Loan Program (HELP) debts owing to the Government, easing cost of living pressures on young families.
The plan could also deliver significant budget savings.
“At a time when they really do have a high liability, perhaps a young family [or] a mortgage, they’ve got this HELP debt sitting over them,” he told AM.
The plan would allow younger workers to retire their HELP de…
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