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FactCheck: does Australia run one of the more substantial education loan schemes in the field?

FactCheck: does Australia run one of the more substantial education loan schemes in the field?

Senior Associate into the advanced schooling system, Grattan Institute

Adjunct professor, RMIT University

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Australia operates the most student that is generous schemes on the planet. – Minister for Education and Training Simon Birmingham, talking to Sarah Dingle on ABC broadcast National Breakfast, January 4, 2016.

When expected for information to aid the assertion, a representative when it comes to Department of Education and Training stated that

When compared with other education loan schemes, the income-contingent nature of both Higher Education Loan Programme (HELP) loans Trade help Loans (TSL) protects low earnings earners from making loan repayments they could never be in a position to manage. Australia’s education loan schemes enable deferment of repayment responsibilities in instances of extreme monetaray hardship… through the lifetime of the mortgage Australian pupils spend no genuine rate of interest.

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