Cost for Australian kids to attend university is not free. It has to come from someone in some means.
HELP Debts
The number of people with outstanding HELP debts reached 2.9 million in 2017–18, up from 2.7 million in 2016–17.
The number of debts above $50,000 also continued to grow in 2017–18, reaching 208,146, up from 159,475 in 2016–17. Among people with debts above $50,000, 18,729 have debts above $100,001, up from 14,046 in 2016–17.The average amount of outstanding debt is much lower at $21,557, up from $20,303 in 2016–17.Does anyone know how much is the outstanding HELP as at 2018?
The number of debts above $50,000 also continued to grow in 2017–18, reaching 208,146, up from 159,475 in 2016–17. Among people with debts above $50,000, 18,729 have debts above $100,001, up from 14,046 in 2016–17.The average amount of outstanding debt is much lower at $21,557, up from $20,303 in 2016–17.
Who is funding the debts? Ordinary Australian paying taxes.
Some of them keep on studying as opportunity for a dream job in chosen field may not come by so quickly.
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