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The Costs of Unpaid HECS Debts from Graduates Going Overseas

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2013-01

Authors

Chapman, B.
Higgins, T.

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Crawford School of Public Policy, The Australian National University

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Open Access

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Abstract

HECS is an income contingent loan designed to collect tuition from Australian university students. The debt is collected on the basis of recorded incomes and as a consequence, debtors living overseas will not repay. Using various data sources and assumptions, multiple scenarios are considered in order to estimate the extent of uncollected overseas debt. A conservative estimate of the amount of foregone HECS revenue for the 1989 to 2011 graduate cohorts working overseas is over $400 million, but it is shown that under other plausible assumptions the foregone revenue may be close to double this amount.

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https://hdl.handle.net/1885/733750165

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Other Publications by Crawford School of Public Policy

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Crawford School Research Paper

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Working/Technical Paper

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Publication

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Open Access

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ssrn-2202574.pdf (404.54 KB)

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