How HECS became a debt trap

05/02/23 • 19 min

2 Listeners

7am

If you went to university, there’s an increasing likelihood you could be carrying HECS debt for several decades.

There are now more than 300,000 people carrying HECS into their 50s — six times more people than just over 15 years ago.

And, this June, HECS debts are set to rise again at a historic pace.

Today, senior reporter for The Saturday Paper Rick Morton on how HECS went from a promise of opportunity to threatening a generation with a debt spiral.

Socials: Stay in touch with us on Twitter and Instagram

Guest: Senior reporter for The Saturday Paper, Rick Morton.

See omnystudio.com/listener for privacy information.

If you went to university, there’s an increasing likelihood you could be carrying HECS debt for several decades.

There are now more than 300,000 people carrying HECS into their 50s — six times more people than just over 15 years ago.

And, this June, HECS debts are set to rise again at a historic pace.

Today, senior reporter for The Saturday Paper Rick Morton on how HECS went from a promise of opportunity to threatening a generation with a debt spiral.

Socials: Stay in touch with us on Twitter and Instagram

Guest: Senior reporter for The Saturday Paper, Rick Morton.

See omnystudio.com/listener for privacy information.

Previous Episode

From fatal negligence to a new $33 million contract

Imagine being arrested, put into custody – and in desperate need of medical care.

Who is responsible for helping you? Who are you meant to turn to for healthcare?

For Veronica Nelson, who died in custody in 2020, a private company was responsible – Correct Care.

Today, contributor to The Saturday Paper Denham Sadler takes us inside how a contract to look after the health of prisoners was taken away then put into some very similar hands.

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Guest: Contributor to The Saturday Paper Denham Sadler

See omnystudio.com/listener for privacy information.

Next Episode

Why is the ADF ‘not fit’ to deter China?

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What we are defending ourselves with today is woefully inadequate for our strategic circumstances, the review found.

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Today, chief political correspondent for The Saturday Paper Karen Middleton on how military spending lost its way and the challenging path towards making our forces fit for purpose.

Socials: Stay in touch with us on Twitter and Instagram

Guest: Chief political correspondent for The Saturday Paper, Karen Middleton.

See omnystudio.com/listener for privacy information.