4 November

Emeritus Professor Bruce Chapman invented HECS. He was on radio yesterday saying that HECS debts are now way too high, well beyond how the system was designed. And that repayments kick in much too low, at a salary of $54,000. The orginal design was that repayment wouldn't kick in until $90,000. He also said the Morrison government's insane vandalism (my words) of the system to both lower the repayment threshold and vastly and arbitrarily increase the cost of some of the degrees is still not fixed. Just one more train wreck the country still hasn't recovered from. Hilariously that party is still in the running at the next election. We're too stupid to survive.