Khyaati Acharya talks about Decade of Debt: The Cost of Interest-free Student Loans
23 August, 2016
The interest-free student loan scheme is simply not fit for purpose. This report finds that there is no compelling public policy case for universal subsidised student loans. The scheme has, to date, resulted in almost $6 billion taxpayers’ dollars being written off. Interest-free student loans are costly and ill-targeted. It is a policy that has had no major impact on tertiary participation rates, nor has it led to any conceivable improvement in tertiary equity.