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Is lowering the student loan repayment threshold fair for students?

Gwilym Croucher writes in The Conversation (29.3.16) about a new Grattan Institute report arguing for a lowering of the income threshold for repayment of higher education fees.

'A new report by Andrew Norton from the Grattan Institute has called on the government to lower the threshold at which university graduates repay their debt to the Higher Education Loan Program (HELP) from the current A$54,126 to $42,000.

'According to the report, this would cut interest costs, as more money would be repaid faster, and generate an extra $500 million a year.

'Norton said that too many borrowers either do not repay what they owe, or take too long to clear their debts.'

 

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