The Government's Commission of Audit could see the abolition of the country's current University HECS/FeeHELP Debt systems.
It has became apparent in the news today (Wed, Oct 16) that the Abbott Government want to sell Australia's HECS/FeeHELP Debt system to the private sector. In the Government's Commission of Audit, which is likely to take place in a few days time, the Abbott Government and treasurer Joe Hockey, will look into the spending in an attempt to reduce the country's deficit, which was more than $500 million lower than expected.
The Abbott Government will sell off the system to the private sector, which will inevitably see our universities operating with dwindling numbers, while those that still attend work two jobs just to support themselves on top of their exorbitant student loan fees and a lowered salary threshold.
Mr Abbott, Mr Hockey, and Mr Pyne, please don't sell our country's future education to faceless corporate entities. America is currently facing a $1.2 Trillion college debt, and that’s before they graduate to earn enough to begin paying it off.
