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The Something Awful Forums > Discussion > Debate & Discussion > Auspol May - He who controls the politics controls the universe
 
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Les Affaires
Nov 15, 2004

Anidav posted:

BREAKING NEWS: University graduates will be forced to pay back their HECS debts when they start earning just $42,000 a year and student fees will rise by 8 per cent under the Turnbull government's higher education changes.

The package presents a more measured approach than the Abbott government's disastrous 2014 budget - which proposed the full deregulation of university fees and a 20 per cent funding cut - but still carries political risk for the Coalition and will be difficult to get through the Senate.

The lowering of the HECS repayment threshold - down from the current $55,874 - is more dramatic than expected and will see almost 200,000 extra graduates dragged into the repayment system. The threshold was previously legislated to fall to $52,000 in coming years.

Universities will also be hit with funding cuts through a 2.5 per cent efficiency dividend designed to save the budget $2.8 billion over the next four years.


55k to 42k? Isn't that creeping Into casual work Territory?

2000 hours per year at $21 per hour.

* # ¿ May 1, 2017 12:49
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Les Affaires
Nov 15, 2004

 Paying $420 a year on a $20,000 hecs debt means you will have paid it off in around 50 years. Give or take.

In the meantime that money which is most likely to go towards spending on food, rent, etc is instead going to offset other crap in the budget that wouldn't be missed by others who can afford it more readily.

* # ¿ May 1, 2017 13:26
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Les Affaires
Nov 15, 2004

 Seems to me there is no longer a Healthy Harold halt anymore.

* # ¿ May 30, 2017 13:12
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Les Affaires
Nov 15, 2004

JBP posted:

Nice, Court can finally preach to everyone in the country

Court of Public Opinion

* # ¿ May 31, 2017 21:21
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The Something Awful Forums > Discussion > Debate & Discussion > Auspol May - He who controls the politics controls the universe