The prime minister, Anthony Albanese, has suggested the government is looking to reduce the rate of student debt indexation in response to debts growing by more than 4% this year...
The Universities Accord final report, made public earlier this year, recommended the commonwealth ensure loans didn’t outpace wage growth by setting the indexation rate to whatever was lower out of consumer price index and the wage price index. https://www.theguardian.com/australia-news/2024/apr/18/labor-hecs-fee-help-debt-indexation
Monique Ryan, an independent MP has collected more than 260,000 signatures on a petition calling for that reform, citing instances of students whose loans are growing faster than they are making repayments.
She’s among a coalition of crossbenchers, including independents Zoe Daniel, David Pocock, Allegra Spender and Kylea Tink, that have backed reforms. On Thursday, Pocock posted to X that the accord “couldn’t be clearer”, adding the burden of student indexation needed to be fixed before 1 June. #auspol #education
The Universities Accord final report, made public earlier this year, recommended the commonwealth ensure loans didn’t outpace wage growth by setting the indexation rate to whatever was lower out of consumer price index and the wage price index. https://www.theguardian.com/australia-news/2024/apr/18/labor-hecs-fee-help-debt-indexation
Monique Ryan, an independent MP has collected more than 260,000 signatures on a petition calling for that reform, citing instances of students whose loans are growing faster than they are making repayments.
She’s among a coalition of crossbenchers, including independents Zoe Daniel, David Pocock, Allegra Spender and Kylea Tink, that have backed reforms. On Thursday, Pocock posted to X that the accord “couldn’t be clearer”, adding the burden of student indexation needed to be fixed before 1 June. #auspol #education
Matthew Rimmer hat dies geteilt
KarunaX •
Tony •