| The link I sourced [1] answers this better than I can. Please give it a read. Although in conjungtion I would note that hardly any university-educated students would wish to live below 50k AUD (~35K USD) forever. I'm not sure that avoiding such a relatively small payment each year would be worth stunting your earnings growth. It could be possible, but I don't see why anyone would shoot themselves in the foot like this. I understand your problem with the first benefit I have listed. Here are a few things to consider though: 1. Should a student be penalised for not making the best degree choice (most doing so at the age of 18 or so)? 2. Even if the degree choice is perfect for them (in a potentially risky profession), should one not be allowed to give it a go? 3. In university you see many students who have graduated, started working, decided they hated their profession, and then subsequently returned to university to reskill. Rising debt interest would have prevented many of these students from taking the new risk of changing industries. The threshold allows people to re-enter education without being drowned by their payments for the duration fo their degrees. I agree with you that the arts are an important part of society. However, I don't believe that, given the chance, absolutely everyone would pursue them fully. I believe those who do embark on the potentially risky career of the arts should be allowed and supported to do so, as well as being able to change career paths if they so need. [1] https://www.studyassist.gov.au/paying-back-your-loan/loan-re... |