The problem
Thanks to out-of-control HECS debt, graduates are paying more and earning less. Meanwhile, politicians who got free university education in the past refuse to fix the broken system.
In the long term, university education must be free. But we know the major parties are years away from acting on this
The solution
- Raise the repayment threshold to the median wage so graduates only start paying when they earn a fair income.
- Cap HECS debt to 1.5x the original debt, so no one spends a lifetime paying for their education.
Education should set young people up for success and not trap them in a lifetime of debt. It’s time to fix HECS.