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maxyong.bsky.social
Economist in education & policy Harvard MPP 27’ | John Monash Scholar Aussie living in Boston πŸ‡¦πŸ‡ΊπŸ‡ΊπŸ‡Έ https://sites.google.com/view/maxyong
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Getting Started
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Would have loved to see Resolve include a split on uni grads vs non-uni grads. I wonder if this has been polled before?
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Your Guardian article quote is a typical normative and unconsidered media line looking for attention. HELP loans are repaid depending on income - you can die with it and it will just go away. You only end up paying what you can realistically afford, and Labor just made repayments more generous
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Prof Chapman's HELP scheme is very sensible. Remove any upfront (tuition) cost to attend university, but ensure grads - who generally receive higher incomes post-graduation than they otherwise would have - pay their fair share, instead of the taxpayer
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I ran out of characters...but it's technically zero-real-interest. In fact, it's now equal-or-less than 0% real interest since indexation is calculated as min(CPI,WPI). Even if you repay none of your loan, the real value stays flat year-on-year.
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More of my thoughts on this in my recent oped. tldr: Uni debt relief is generally regressive. Especially in Aus where we have zero-interest income-contingent loans, so grads are not hugely burdened by student debt like in the US #highered #academicsky www.timeshighereducation.com/blog/austral...