Something going up with CPI isn't making moneyAgree. This situation wasn’t the intention of HECS. if the intention is to ensure repayment, and not making money off students it should be addressed
Just found this article, also suggesting a maximum as a option rather than WPI
HELP debt indexation at the lower of CPI or a fixed maximum rate – giving HELP borrowers more certainty than the Universities Accord final report lower of CPI or WPI recommendation
Over the last two years high CPI-driven HELP debt indexation – 3.9% in 2022, 7.1% in 2023, probably in the vicinity of 5% this year – has been a major issue. It has brought to public at…andrewnorton.net.au
Why shouldn't the loan repayments go up with this? Why should the government (us taxpayers actually) foot more of that bill than we already have?
If higher education isn't leading to students getting better jobs to pay this, that's an issue. A bigger issue than repayments going up with CPI which is logical