7am cover image

How HECS became a debt trap

7am

00:00

The Future of Hex Debt

Hex was introduced by the Hawk government in 1988 to help working-class kids go to university. It would be a user-pays model, with no money upfront and an interest-free loan from the government for your education. But we've seen this kind of slow slide into inequality with changes around the edges of this student loan system being made that actually make it tougher and harder for people to get rid of those debts later on in life. We see increasingly now through the people who are becoming trapped by their student debt - which was not the way this whole scheme was envisaged in the first place.

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