Libs may sell $23b HECS debt

[grandmoon]

The university education debt of millions of Australians could be sold off under a proposal to be examined by Prime Minister Tony Abbott's inquiry into the state of the nation's finances.

In a move that could boost the Budget bottom line, up to $23 billion of outstanding Higher Education Contribution Scheme debt would be effectively privatised under a plan that has already won support in some financial circles.

[lakeland27]

i have no idea , but one would hope not. it looks like the price is going up in future though.

[toysartnstuff]

I think if they find they can get away with this then they'll make sure it's for everyone... past, present and future.

[spotweldersfriend]

"I can guarantee we will not have $100,000 university fees." John Howard 1999.

Check again, Johnny.

[monman12]

 "You would read something seedy into that gill, i was referring to his intimate study of the political sciences, from the bottom up apparently."

He obviously needed lessons from Thomson and his intimate studies apropos  the advantages of extracurricular unionisation underwritten by union members, or should that be "a union member"?

SWF: "I can guarantee we will not have $100,000 university fees." John Howard 1999."

And the government set the fees SWF?,  or is it an acceptable comment like “There will be no carbon tax under a government I lead,”?

[lakeland27]

i dont recall hearing of thomson cavorting with underage teenage boys. i dont recall him pimping himself out for Mal or anyone else either.

[*mrgrizz*]

Spoiler

how much under it's value will they sell it for?

or will all the people with a HECS debt now start having to pay interest?

nobody would buy the debt if they aren't going to make money on it

[i-need-a-martini]

Selling a debt is just looking for trouble.

We're on the end wave of the GFC caused in a large degree by non primary lenders losing squillions on debt investments. US mortgage market Mr Hockey??

[*crikey*mate*]

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@*mrgrizz* wrote:

Spoiler

how much under it's value will they sell it for?

or will all the people with a HECS debt now start having to pay interest?

nobody would buy the debt if they aren't going to make money on it

---

maybe the current debt is not from where the benefit will be derived, but rather the future debts that the purchasing company would now have control over.