鈥淐ost of living increases are hitting graduates hard, but it is important to understand HELP repayments are not part of that,鈥 黑料老司机 Chief Executive Catriona Jackson said.
鈥淐PI growth affects the overall size of a student loan and the length of time you鈥檙e paying it back. There has been considerable confusion around this.
鈥淲e know the price of everyday living is rising 鈥 energy and grocery bills are going up, mortgage and car repayments are increasing, but HELP repayments are different.
鈥淩epayments don鈥檛 start until you earn $48,361 and they do not increase week on week.
鈥淲e鈥檙e lucky in Australia to have a funding system that has enabled millions of Australians to study at university who otherwise wouldn鈥檛 have been able to. Our system is the envy of the world.
鈥淪ome of the recently proposed changes to the HELP system would cost the taxpayer up to $9 billion, taking money away from essential services all Australians rely on.
鈥淎ny changes to HELP, past or future, should be carefully assessed to ensure they do not risk the policy intent, which is to remove barriers to a university education.鈥
