Applying the Consumer Price Index (CPI) to tertiary student loans would significantly increase the cost to taxpayers according to a submission to the Senate inquiry on higher education. The federal government has suggested it would apply CPI to student loans in an attempt to win over senate crossbenchers and pass the tertiary deregulation package.
Analysis of education and employment data has shown that the unemployment rate of young people who have not completed year 12 has dropped but the proportion of unemployed youth with a tertiary level qualification has increased over recent years. The Brotherhood of St Laurence analysis also shows that overall the youth unemployment rate is at a historic high.
The CNPE Team
Change to HECS too costly to taxpayer
The government’s decision to revert to CPI on student loans in an effort to win over cross bench support for its higher education reform package comes at too high a cost to the taxpayers while unfairly subsidising rich students..
Young Australians better trained, but job prospects poorer
An analysis of trends by national welfare charity the Brotherhood of St Laurence reveals a fifth of teenagers are unemployed and another 130,000 in their early 20s cannot find work.
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