MYEFO confirms NTEU analysis: student debt to reach $100 billion in 2020

By Courtney Sloane (NTEU National Office). The Mid-year Economic and Fiscal Outlook (MYEFO) has confirmed the Abbott Government is shifting debt on a grand scale, and shirking its responsibility to properly fund education, the NTEU said today.
“The government is transferring debt away from the Commonwealth and pushing it on to individuals, particularly students,” said Jeannie Rea, NTEU National President.
“They are addressing the so-called ‘budget crisis’ by forcing students and their families into a lifetime of debt,” Rea said.
Rea said that the data on student debt released as part of MYEFO confirms the NTEU’s estimate that total student debt would be $52 billion by 2016-17. More...