Will they still pay up-front? An analysis of the HECS changes in 1997
In the 1996-97 Federal Budget, the Government announced its intention to raise the annual Higher Education Contribution Scheme (HECS) contribution in 1997 by an average of $2,000 per year per student commencing tertiary studies in 1997. Furthermore, the minimum repayment income threshold will be reduced for all students and ex-students by almost $7,000 to speed up repayments. Given that the aim of the proposed HECS changes was to raise revenue to reduce the current budget deficit, it is...[Show more]
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