Investigation: Tuition reform will cause some graduates to repay student loans for 20 years
Under the federal government's tuition reform program, some students will need 20 years to pay off their tuition loans, and the repayment time for humanities and communications graduates will be doubled.
The federal government plans to double the tuition fees for humanities majors, while halving the tuition fees for science and practical majors with high employment rates.
According to the Sydney Morning Herald, an analysis conducted by the independent parliamentary library commissioned by the Green Party found that after the tuition reform, girls will be more affected. In a series of majors, they will take longer than boys to pay for their studies. loan.
Analysis shows that it will take 12.3 years for boys majoring in sociology to pay off their tuition loans, which is 6.2% longer than the current 98 years; female students majoring in sociology will spend 14.2 years repaying their school loans, which is one year longer than the current 7.1 years. Times.
It takes 12.4 years for boys in management and business to pay off their loans, compared to 9.9 years at present; girls in this major will take 14.2 years to pay off their loans, at 9.7 years.
The actual time to repay student loans may be longer than predicted, because the forecast model does not take into account the impact of the epidemic, unemployment, maternity leave and vacation, and salary growth may be worse than expected.
In order for the tuition reform bill to pass successfully in Parliament, the coalition government needs to obtain three support votes from the neutral members, and is therefore vigorously lobbying the neutral members.
Green Party education spokesperson Mehreen Faruqi said that predictions show that many women may not be able to pay off their school loans in their 40s, and some may never pay off their school loans.
Education Minister Dan Tehan stated that the purpose of the tuition reform is to encourage students to study mathematics, English, IT and other subjects to improve their employment prospects. Tuition fees are determined by subject rather than degree, which means that students can choose cheaper subjects to study.
He also pointed out that the Green Party’s forecasting model did not take into account the data of those majors whose tuition fees had decreased or did not change, nor did it take into account how much time the students of these majors would have to pay back their loans.
Editor in charge: Yue Ming