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'The odds are stacked against us': Student loans taking two years longer to pay off


‘The odds are stacked against us’: Student loans taking two years longer to pay off
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Students are taking more than two years longer to pay off their university loans than they did 15 years ago as the federal government comes under growing pressure to extend the loans to include certificate courses.
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Sydney Morning Herald analysis of new federal government figures released this week suggest that the time to repay student debt has risen from an average of 7.3 years in 2005 to 9.3 years in 2020.
Australian National University Professor Bruce Chapman, who designed the Higher Education Contribution Scheme (HECS) system introduced in 1989, said the increase in course fees over the past 15 years would help explain the longer time taken to repay student loans. ....

Peter Hurley , Department Of Education , Victoria University Mitchell Institute , Victoria University , Mitchell Institute , Federal Department , Job Ready Graduate , பீட்டர் ஹர்லி , துறை ஆஃப் கல்வி , விக்டோரியா பல்கலைக்கழகம் மிட்செல் நிறுவனம் , விக்டோரியா பல்கலைக்கழகம் , மிட்செல் நிறுவனம் , கூட்டாட்சியின் துறை , வேலை ரெடீ பட்டதாரி ,