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University, vocational training debts to skyrocket costing budget billions, documents show

The ABC’s Dan Conifer reports (6.4.16) on the federal government’s plans to absorb billions of dollars of unpaid higher education debts, while committing to cutting back funding to the tertiary sector.

‘The Federal Government is preparing to write off billions of dollars of higher education loans as the number of bad debts soar.

‘An ABC Freedom of Information (FOI) investigation has revealed the Government is forecasting losses of more than $13.5 billion on just four years’ worth of loans.

‘The figures come after the Government recommitted to university funding cuts and fee deregulation.

‘The Coalition is also considering changes to the scandal-plagued vocational education sector, which is helping fuel the bleak fiscal predictions.’

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