Birdwatch Note Rating
2024-06-04 22:02:52 UTC - NOT_HELPFUL
Rated by Participant: EF4DEDB8EBF8811ECF11974AD9D2667642759D55C39B3F2335796CE4FFCE3BC0
Participant Details
Original Note:
The 3 billion being "wiped" is Unrealised interest from students that is being rolled back to be inline with the wage price index. Preventing interest from exceeding wage growth. There is no "cost" to tax payers Every tax dollar spent on education yields a R.O.I of 4to1 https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://universitiesaustralia.edu.au/wp-content/uploads/2022/04/Report-The-importance-of-universities-to-Australias-prosperity.pdf&ved=2ahUKEwjV9-OmmsKGAxX8S2cHHeVzDxsQFnoECA8QBg&usg=AOvVaw1sYk01UmXH7h8rj91osADv https://www.pm.gov.au/media/why-3-billion-hecs-wipe-will-make-real-difference#:~:text=Next%20week's%20Budget%20will%20wipe,a%20cut%20of%20about%20%241800. https://www.google.com/amp/s/amp.theguardian.com/australia-news/article/2024/may/05/labor-to-wipe-3bn-from-hecs-and-help-debts-through-indexation-changes
All Note Details