Commission of Audit Report
By Bridgette Glover The National Commission of Audit report, which was released on May 1 2014, suggests that students need to be paying more for their degrees.
Recommendations in the report included propositions that the average contribution paid by students increase from “41 per cent to 55 per cent” as well as suggesting the HELP-repayment threshold drop from “$51,309 per year to the minimum wage of $32, 354” per annum, forcing graduates to repay their debt much sooner.
David Mailler, President of UNE’s Student Association believes the report shows a “very limited strategic plan for Australia.”
“The reality is…if we create impediments to higher education, the next generation of students are not going to be able to get us out of some of the holes we’re digging for ourselves.”
“It’s short sighted to penalise people who, at the point of starting out life, are going to be more indebted and more indentured to a previous generation; so, effectively, what they’re doing is stealing from the future generation of leaders.”
Students will not know how they will be affected until the release of the budget on May 13.