16 Things Labor Will Cut If They're Elected
Bad news for students, families and fans of dams.
Lowering Higher Education Loan repayment thresholds.
Saving $9 million.
Labor will support the Coalition's plan to reduce the threshold for student loan repayments from $54,126 to $50,638. This means students will have to start paying back their debts sooner, when they start earning just over $50k.
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Changing the funding structure for research.
Saving $119 million.
Labor will change the funding structure for some courses under the Australian Research Council Act and the Higher Education Support Act (excluding superannuation grants) so they're indexed to the Consumer Price Index in place of the Higher Education Grants Index.
This doesn't relate to funding for students.
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Axing the HECS/HELP benefit.
Saving $24 million.
The HECS-HELP Benefit reduces the HELP repayments of students who study certain maths, science, nursing, midwifery, education and early childcare courses. They'd lose this financial help.
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