Max Yong
banner
maxyong.bsky.social
Max Yong
@maxyong.bsky.social
Economist in education & policy
Harvard MPP 27’ | John Monash Scholar
Aussie living in Boston 🇦🇺🇺🇸
https://sites.google.com/view/maxyong
Would have loved to see Resolve include a split on uni grads vs non-uni grads. I wonder if this has been polled before?
December 3, 2024 at 5:53 PM
Your Guardian article quote is a typical normative and unconsidered media line looking for attention. HELP loans are repaid depending on income - you can die with it and it will just go away. You only end up paying what you can realistically afford, and Labor just made repayments more generous
December 3, 2024 at 3:44 PM
Prof Chapman's HELP scheme is very sensible. Remove any upfront (tuition) cost to attend university, but ensure grads - who generally receive higher incomes post-graduation than they otherwise would have - pay their fair share, instead of the taxpayer
December 3, 2024 at 3:40 PM
I ran out of characters...but it's technically zero-real-interest. In fact, it's now equal-or-less than 0% real interest since indexation is calculated as min(CPI,WPI). Even if you repay none of your loan, the real value stays flat year-on-year.
December 3, 2024 at 3:37 PM
More of my thoughts on this in my recent oped.

tldr: Uni debt relief is generally regressive. Especially in Aus where we have zero-interest income-contingent loans, so grads are not hugely burdened by student debt like in the US

#highered #academicsky

www.timeshighereducation.com/blog/austral...
Australia’s proposed 20 per cent student debt wipe is unfair
Better to revise the previous government’s tuition fee hikes than redirect taxpayers’ money into wealthy graduates’ pockets, says Maxwell Yong
www.timeshighereducation.com
December 2, 2024 at 11:15 PM