Australian university graduates are potentially facing lifelong debt due to the noxious combination of newly increased course fees, reduced repayment income thresholds, and high debt indexation.
New modelling presented in this report concerning the highest fee band degrees shows that repayment periods of over 40 years are plausible under current policy settings.
This modelling also shows that the total repayment amounts could well exceed $100,000 for many four-year degrees. Under these scenarios it is also likely that the total outstanding balance of all HECs-HELP debts will grow on an unsustainable trajectory.
View the Graduate Repayment report by clicking the image below.
