Grattan Institute recommends dropping threshold from $54000 to $42000 to save budget $500m,and finds ‘unscrupulous providers’ contribute to $10bn debtDefault rates on government education loans have increased after a massive uptake of loans for vocational education and training, including courses pushed by “unscrupulous education providers”, and a report has said.[br]These are the findings of a Grattan Institute report which recommends lowering the threshold at which graduates start repaying their loans from $54126 to $42000,a dash that would save the budget at least $500 million a year.
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Source: theguardian.com