Government debt on student loans set to triple within a decade – report

Parliamentary budget office figures show the total amount owed to government in tertiary student loans will jump from $13.4bn today to more than $48.1bn in 2025The total student debt owed to the government is set to nearly triple within a decade, in part because of federal plans to let universities set their own fees.According to parliamentary budget office report figures released on Wednesday the annual cost of the Higher Education Loan Program (Help) will increase from $1.7bn in 2015-16 to $11