How HECS became a debt trap

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Recorded02 May 2023

Publisheromnycontent.com ↗

Handlerec:7079725

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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 InstagramGuest: Senior reporter for The Saturday Paper, Rick Morton.See omnystudio.com/listener for privacy information.

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