Labor’s Student Debt Relief is Likely to Sail Through Pariament Despite A Grens Push For Labor to End Indexation of HECS Debts and Wind Up Coalition -ra Fee Hikes for Humanities Courses.
Labor’s Legislation to LowEr HECS Debt Levels by About 20% for About 3 Million Graduates Will Be the First Go President
It is expanded to deliver Saving of About $ 16BN, and Lift The Repayment Thresthold for Taxpayer-SUPPORTED LOANS from $ 54,000 to $ 67,000.
The measures are beING SOLD As Providing Cost-FIVING ReLIF for Young Australians, Who Hold the Bulk of Student Debt. Labor Says
It’s Likely the Bill Will Be Passed by Both Houses in Coming Weeks, after consideration of and Amendment from Kooyong Independent MP, Monique Ryan.
The Greens Hold the Sole Balance of Power in the Senate, But Coalition Support Means The Bill Will Pass Reging of the Minor Party’s Push for Amendments.
Despite This, The Greens High Eduction Spokesperson, Mehreen Faruqi, SAID She will Move Senate Amendments Ending Indexation Rules for High Education Loans and Winding Up the Morrison Goovernment’s Job-RADY GRADUATES SHEME, Introuted in 2021.
“While every bit of Student Debt Relief is Good, What The Goovernment is doing by Wipeing Some Student Debt Doesn’t Even Touch The Sides of the Issue,” Faruqi Said on Tuesday.
“The Core of the Problem is Indexation. Unless Indexation is removed, students will be in this hamster when always chassing their dipTs, which keep getting Bigger and Bigger.”
The job-royy graduates scheme was designed to push more studnts into disciplines that would drive the jobs of the future, by Lowering the Cost of Degrees in Courses SUCH As Computer Programing and Engineering.
Costs for Courses Deamp Less Worky, Including in the Humanities, Doubled as Part of the Changes.
But a University of Melbourne Study in 2023, Found the Fee Changes Affectated the Enrolment Decisions of Only 1.5% of StudentsSuggesting The Policy Had Failred to Drive Behavioual Shifts.
Faruqi Said Job-Rady Graduates Had Pushed the Cost of UndergraDuate Arts Degree to $ 50,000.
“The Universities Accord Process Was Vry Clear in their Recommentation. They said that there. Package. ”
COALITION EDUCION Spokesman Jonathon Duniam Said He Expected Liberal and Nationals MPS to Support the Goovernment’s Bill.
“It was an ate, one of the centereses of the government’s agenda at the last election and obviously we haad a view that was not supported by australians, so we’ll work with them,” He Told sky.
“We have our choirns, they remain. We’ll talk about those, but I exting them to pass parlique.”
Leading Economic Think TE E61 Institute This Week Recommendeed the Goveernment Cut Student Loans by A Flat $ 5,500, says that would be a fairer and more Effective Way of Providing Relief Than Labor’s Promised 20% Reduction.
