NTEU News | 6 September 2013
Perhaps in anticipation of post-election fee increases, the National Tertiary Education Union (NTEU) has launched the My Student Debt website, complete with a national calculator, to highlight ballooning student HELP (HECS) debt.
Australian students have accumulated debt from their university study of over $34 billion and the NTEU estimates that outstanding HELP debt is increasing by $500,000 an hour or $12 million a day.
A person enrolling in an Australian university as a Commonwealth supported student will graduate with a debt for tuition fees of between $18,000 and $64,000.
The NTEU says that “if you take living costs into account”, the total cost of attaining a degree could be in excess of $200,000. We get the point (and part of the point is that Australian students already have among the highest fees in the world), but whatever a person’s doing, they will have living costs.
At the time of publication (6 pm AEST 11 September), Australian students had accumulated debt from their university study of $34,293,754,245.
Is going to university in Australia becoming unaffordable? (NTEU Fact Sheet)