Today the SCPA made a formal submission arguing against proposed provisions in the Higher Education Support Legislation Amendment (Student Loan Sustainability) Bill 2018. The submission included the following recommendations:
1. The annual income threshold at which HELP commence should be retained at the current $55,874.
2. If the repayment threshold is to be lowered, then this should apply to new loans only. In other words, the new terms and conditions should not be applied retrospectively to current loan holders.
3. HELP debts should be indexed according to average weekly earnings (i.e. the ability to repay) rather than to the CPI (i.e. the cost of living).
4. The new combined loan limit should not necessarily apply to Commonwealth supported postgraduate degrees.
Read the full submission here