How HECS became a debt trap
May 02, 2023•19 min•Ep. 948
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Episode description
If you went to university, there’s an increasing likelihood you could be carrying HECS debt for several decades.
There are now more than 300,000 people carrying HECS into their 50s — six times more people than just over 15 years ago.
And, this June, HECS debts are set to rise again at a historic pace.
Today, senior reporter for The Saturday Paper Rick Morton on how HECS went from a promise of opportunity to threatening a generation with a debt spiral.
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Guest: Senior reporter for The Saturday Paper, Rick Morton.
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