Showing posts with label #HECS. Show all posts
Showing posts with label #HECS. Show all posts

Wednesday, 26 April 2023

Hunter Students Slapped with Higher HECS

BY OLIVIA DILLON

There's concern for University of Newcastle students with a HECS debt, after the federal government today announced a major indexation rise. 

Student debt has been hit with a 7% hike across the board, which will take effect from the 1st of June. 

It's the highest rate seen in 32 years. 

The change means total repayment amounts will stay the same, but the repayment time will lengthen. 

As a result, average HECS debt will increase by about $1500 this year and next year.

National Union of Students member Grace Francco, said it means many people won't be able to reduce their balance. 

"Anyone who is earning less than $62,000, which is between the minimum and median wage, will see their debt increase. So the minimum repayments that they make won't actually decrease their HECS debt."





Tuesday, 20 February 2018

Newcastle University Hurt By Massive Government Cuts

BY: ALEX MURRAY

As semester commences for another year at the University of Newcastle, Labor says the Turnbull government's proposed $69 million cuts are threatening to tear a massive hole in their budget.

The federal opposition the overall funding loss across NSW amounts to $736 million.

The department of education data show the cuts will make it even harder for students to function in their institution and afford an education.

Students paying their HECS/HELP debt will also have a double whammy, with the salary threshold at which they have to start repaying their debt lowered by $10,000, making the prospect of affording their degree that much harder.

At a time where education-based skills and new age employment opportunities are on the rise, university education for young Australians is now more important than ever.



Federal Member for Newcastle, Sharon Claydon says, "Although great community campaigns have stopped these cuts in the Senate in the past, regrettably the government has decided to ignore these calls and sneak in $2.2 billion dollars worth of cuts."

"The University of Newcastle's losses are nothing to be sneezed at, while they (the government) are cutting higher education to profit millionaires and multi-national companies."

"There is no way that you can chop out $69 million from the University of Newcastle without it being felt on the ground and hurting students with a number of detrimental effects."

"This university over decades has built a range of good support programs for people in lower socio-economic backgrounds to come into tertiary education and finish the degree with higher prospects."

"All students should be getting onto their local members of parliament and making their voice very loud and clear that these cuts hurt students and families,." Sharon Claydon said.