HECS – HELP. Australia’s future subprime loan crisis?

By Paul Kniest. On Wednesday 6 April 2016 the Parliamentary Budget Office (PBO) released a report entitled Higher Education Loans Programme (HELP): Impact on Budget which shows that Australia’s internationally lauded income contingent HELP, or as many people would know it HECS, loan scheme is in danger of turning into Australia’s very own subprime loans crisis. More...