The Cost of Unpaid HECS Debts from Graduates Going Overseas

Bruce Chapman; Timothy Higgins

The Cost of Unpaid HECS Debts from Graduates Going Overseas

Research output: Working paper

Abstract

HECS is an income contingent loan designed to collect tuition from Australian university students. The debt is collected on the basis of recorded incomes and as a consequence, debtors living overseas will not repay. Using various data sources and assumptions, multiple scenarios are considered in order to estimate the extent of uncollected overseas debt. A conservative estimate of the amount of foregone HECS revenue for the 1989 to 2011 graduate cohorts working overseas is over $400 million, but it is shown that under other plausible assumptions the foregone revenue may be close to double this amount

Original language	English
Place of Publication	Canberra, Australia
Publisher	Crawford School of Public Policy
Pages	31pp
Publication status	Published - 2013

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abstract = "HECS is an income contingent loan designed to collect tuition from Australian university students. The debt is collected on the basis of recorded incomes and as a consequence, debtors living overseas will not repay. Using various data sources and assumptions, multiple scenarios are considered in order to estimate the extent of uncollected overseas debt. A conservative estimate of the amount of foregone HECS revenue for the 1989 to 2011 graduate cohorts working overseas is over \$400 million, but it is shown that under other plausible assumptions the foregone revenue may be close to double this amount",

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AB - HECS is an income contingent loan designed to collect tuition from Australian university students. The debt is collected on the basis of recorded incomes and as a consequence, debtors living overseas will not repay. Using various data sources and assumptions, multiple scenarios are considered in order to estimate the extent of uncollected overseas debt. A conservative estimate of the amount of foregone HECS revenue for the 1989 to 2011 graduate cohorts working overseas is over $400 million, but it is shown that under other plausible assumptions the foregone revenue may be close to double this amount

M3 - Working paper

SP - 31pp

BT - The Cost of Unpaid HECS Debts from Graduates Going Overseas

PB - Crawford School of Public Policy

CY - Canberra, Australia

ER -

The Cost of Unpaid HECS Debts from Graduates Going Overseas

Abstract

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