Last year, over half a million Australians saw their HECS debt grow faster than it was being repaid.
Teal Independent MP Dr Monique Ryan says it’s because Australia has an unfair HECS indexation system. In fact, the government got more money last year from HECS debts than it did from its main fossil fuel tax. Dr Ryan has begun a petition calling on Education Minister Jason Clare to change the way HECS debts are indexed.
In this episode of The Briefing, we hear from Dr Ryan as we investigate why it feels like you’ll never pay off your HECS debt.
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