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If you read the tweet thread this HECS model solves a couple of the big issues. There is no adverse selection if the scheme is open to all at any institution, a
by dghlsakjg 5y ago
If you read the tweet thread this HECS model solves a couple of the big issues.
There is no adverse selection if the scheme is open to all at any institution, and there is no legal and regulatory risk since, I believe, the repayment of the loan is legally mandated through payroll rather than being subject to a private school chasing students around in courts.
- hogehoge51 5y agoYes, for most repayment is via mandatory payroll withholding tax. If you fall outside of that system it’s also included in your annual tax return.