Newspaper article Daily Examiner (Grafton, Australia)

HECS Laws a Fair Shake; Angourie Ex-Pat Says New HECS Rules Are Disappointing but Fair

Newspaper article Daily Examiner (Grafton, Australia)

HECS Laws a Fair Shake; Angourie Ex-Pat Says New HECS Rules Are Disappointing but Fair

Article excerpt

Byline: Marco Magasic marco.magasic@dailyexaminer.com.au

ANGOURIE ex-pat Angelo Magasic said education minister Christopher Pyne's HECS repayment laws are disappointing but fair.

Mr Magasic works as an English teacher at Tamagawa University in Tokyo and is currently studying a PhD.

The Australian government brought those living overseas under the same HECS repayment laws on Saturday.

Ex-pats will have to pay back their debt when they start earning over $53,000, just like domestic graduates.

"I was hoping not to pay my HECS until I got back to Australia," Mr Magasic said.

"It would have been good breathing space.

"I'm disappointed, but I guess its fair."

Mr Magasic said he was more concerned with interest rates going up and becoming unmanageable.

Last year education minister Christopher Pyne tried to increase the HECS repayment rate from the price of inflation, currently 4%, to the price of government bonds, currently about 5%. …

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