With the Australian Parliament set to resume sittings next week, the Independent Tertiary Education Council Australia (ITECA) has stepped-up advocacy to permanently end the tax on FEE-HELP and VET Student Loans.
Key Issues —
One of the great travesties of Australia’s tertiary education system is that students accessing either a FEE-HELP Loan or a VET Student Loan is required to pay a student loan tax on top of the amount that they borrow.
In both higher education and the vocational education and training sector, the student loan tax is 20%. Thus a student accessing either $20,000 loan to support their studies ends up with a debt obligation to the Australian Government of $24,000.
ITECA, with the great support of its members and working collaboratively with other stakeholders, is actively lobbying to permanently end the student loan tax.
ITECA has once again written to every member of the Australian Parliament with advice that the student loan tax should be permanently removed. With the resumption of parliament, a series of meetings is expected to be help, made possible thanks to the presence of the ITECA advocacy team in Canberra.
Independent higher education and vocational education providers can keep up to date with the campaign to permanently end the student loan tax by getting involved in the following forums
The reform to permanently end the student loan tax is included in the centrepiece of ITECA’s advocacy, the Seven Priorities For A Skilled And Educated Workforce which serves as a blueprint for the nest Australian parliament
ITECA combines national leadership and local advocacy to support the independent tertiary education sector. The campaign to permanently end the student loan tax is a great example of member-driven advocacy.
ITECA Membership – It’s a great time to get involved.
Getting Involved —
Members in the higher education and vocational education and training sector play a lead role in setting the framework for ITECA's engagement on microcredentials through their participation in the aforementioned interest groups.
Further Information —
If you're an ITECA member and would like more information on this matter, the ITECA team would value the opportunity to talk to you. Simply send an email to [email protected] or telephone 1300 421 017. Stay up to date via Twitter, Facebook and LinkedIn.
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