The decision to extend student loans to vocational education and training will cause student debt to reach a staggering $11.1bn a year by 2025-26, a new report from the Parliamentary Budget Office (PBO) has shown.
In April the PBO released figures that show the annual cost of the Higher Education Loan Program (Help) will increase from $1.7bn in 2015-16 to $11.1bn in 2025-26.
It blamed the increase in student debt on Labors decision to uncap university course places; extending loans to vocational education; and the Coalitions plan to deregulate university fees.
A supplement to the report released on Wednesday said that extending loans to vocat…
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