Structurally, this has been coming for a while and I can see some value in this if it is done correctly. There are dangers however, most notably in setting a price hurdle that will stop many from undertaking the very skills path they need because the risk/reward equation of deferred loans in this sector will be based on a lower…
Tag Archives HECS
Merit, yes... Although assumptions about future returns are predicated on current labour-force structures? The debt/liability is permanent! Jobs... not so much? HECS for TAFE: the case for extending income contingent loans. In this paper, a case is argued for introducing an income contingent loan to the VET sector. The economic underpinning is similar to the Higher Education Scheme (HECS) which…