John Ross, Times Higher Education
The number of Australians with enormous student debts has increased by almost 30 per cent in a year, adding impetus to the government’s drive to rein in lending.
The Council of Australian Postgraduate Associations said that “penalising students for the cost of their education” was a short-sighted response to the problem. “Imposing a loan balance cap does not address the real problems of ballooning tuition fees and graduates’ difficulties finding stable, fairly paid employment,” said national president Natasha Abrahams.
“If the minister is genuinely concerned that some students are unable to pay back their loans, it would be prudent to examine and address the reasons for this rather than devastate opportunity for future students and rip money from lower-earning graduates.”