Lowering the HELP repayment threshold is an easy target, but not the one we should aim for
- Written by Tracey West, Lecturer in Behavioural Finance, Griffith University
Shutterstock
Most recent estimates show the Higher Education Loan Program (HELP) debt owing is nearly A$52 billion in 2017-18. It’s forecast to increase to A$75 billion by 2020-21 and up to 25% of those loans are unlikely to be paid.
Legislation to lower the initial HELP repayment...