Misery and Student Debt: The PBO's Costing of the HELP Program
10 Pages Posted: 5 May 2016
Date Written: May 3, 2016
At a time when student debts are becoming a source of international concern, particularly in OECD countries, this discussion paper examines the costings of the HELP Education Loan program by Australia’s Parliamentary Budget Office (PBO). It considers the projected ten-fold increase in the underlying cash balance of the HELP loan over the next decade, with the impacts of interest-rate changes and default risks, as calculated by the PBO. The paper considers lessons for policy costing for other PBOs worldwide as well.
Keywords: Student Debt; Student Loans; Parliamentary Budget Office; Public Finance; Education
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