Higher fees when combined with the new market-determined interest rate, will take more than twice as long to pay back for some degrees. For graduates that take time out from the workforce to care for family members, HELP debts might not be paid off until they reach their late 50s. Jeannie Rea, NTEU National President said that the proposed changes to higher education will mean that entry on merit alone will be a thing of the past; it will only matter if you are able and willing to pay. Students will be saddled with enormous debts that will take years and years to pay off, and with higher interest rates than ever before. These changes to fees and interest rates will have an enormous … [Read more...]
