Lowering the HELP repayment threshold is an easy target, but not the one we should aim for
- Written by Tracey West, Lecturer in Behavioural Finance, Griffith University
Twenty five percent of student loans are unlikely to be paid.Shutterstock
Most recent estimates show the Higher Education Loan Program (HELP) debt owing is nearly A$52 billion in 2017-18. It’s forecast to increase to A$75 billion by 2020-21 and up to 25% of those loans are unlikely to be paid.
Legislation to lower the initial HELP repayment...