A Parliamentary Budget Office analysis predicts the cost of student debt will climb to $11 billion within a decade, as total exposure reaches $185 billion.
|Simon Birmingham struggles to blame others for this own-goal.|
The Coalition Government was warned two years ago, in May 2014, that its University funding policy would blow a hole in the budget. Joe Hockey and Christopher Pyne didn't do arithmetic in 2014:
#qanda Christopher Pyne recommends University Students go into debt but claims it is an emergency if the Government has a debt. LOL. #auspol— Askgerbil Now (@Askgerbil) May 5, 2014
.@mdlp00 If University fees double and the Govt lends the money to students then GOVT DEBT for funding fees will double! #Budget2014 #auspol— Askgerbil Now (@Askgerbil) May 16, 2014
.@RuthTownsendlaw Joe Hockey's plan to double University fees will create a budget black hole. A DEBT and DEFICIT mess for Labor to clean up— Askgerbil Now (@Askgerbil) May 16, 2014
The Coalition creates a new "Debt and Deficit" mess. Deregulated University fees mean BIGGER loans to students. A BIGGER deficit. #auspol— Askgerbil Now (@Askgerbil) May 17, 2014
But the Coalition Government still doesn't do arithmetic...