The Costs of Unpaid HECS Debts from Graduates Going Overseas
AbstractHECS 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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Bibliographic InfoPaper provided by Crawford School of Public Policy, The Australian National University in its series Crawford School Research Papers with number 1303.
Length: 31 pages
Date of creation: Jan 2013
Date of revision:
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-03-30 (All new papers)
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