Student debts will increase by 7.1% on Thursday. Soaring indexation, combined with low wages, university fee rises and a very low minimum repayment threshold, means we are in a student debt crisis.
Today Dr
Mehreen Faruqi is on campus at ANU talking to students about her bill to abolish HECS debt.The government can urgently abolish indexation and raise the minimum repayment income to the median wage to remove some of the unfairness in the system.
Ultimately, student debt should be wiped.
