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Agreed - after watching John Oliver's piece on student debt in America I'm pretty convinced that Australia's system is fine. Tony Abbott's only issue was introd
by thomasfoster96 12y ago
Agreed - after watching John Oliver's piece on student debt in America I'm pretty convinced that Australia's system is fine. Tony Abbott's only issue was introducing deregulated fees at the same time that he cut funding to universities. The latter is what's really causing the issues sa far as I can see.
By the way, the way it works is pretty much that you have to reach an income threshold before you need to start paying back your student loan.
- michaelt 12y agoI'll accept student loans with debt charged at the market rate the moment the fees and interest are applied retroactively. If a student graduating today should repay society the cost of their education, why shouldn't a student who graduated 30 years ago like, say, Tony Abbot?
- grecy 12y agoI'm not there right now, but my parents are saying that's exactly what he's proposing - the retro-active bit. It will impact me, I still have ~$20k of HECS debt that I didn't pay, and because I'm not earning money in Australia, I'm not paying it now.
- jjsalamon 12y agoSimply not having the American system doesn't default to 'fine.' Besides, Australian education is now well on its way to a similar system.
- grecy 12y ago> Simply not having the American system doesn't default to 'fine.' Interestingly, that's the worst thing about Canada. Everyone just aims for "better than America", which is still a very low bar by Developed Country standards.