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| HECS system changes: impact on students |
17 January 2005Gilian Beer and Bruce Chapman examine the impact of changes to Australia's student financing system on various hypothetical students who choose the government's proposed deferred payment options, HECS-HELP and FEE-HELP. The present values of their HECS repayments under the existing (2004) system are compared with the present values of repayments under various alternative systems.