November 3, 2024 • 7 mins
Prime Minister Anthony Albanese joins Jonesy & Amanda to chat about the re-elected Albanese government slashing HECS-HELP debt by 20 per cent.Â
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Speaker 1 (00:00):
Jersey and Amanda gam Nation.
Speaker 2 (00:03):
The Prime Minister has announced quite extraordinary to establish fee
free tape as an enduring feature of our education and
training system, and from the first of July next year,
the government will reduce the amount Australians with student debt
have to repay per year and raise the threshold at
which they have to start repaying. This is big news
for students with a hex step Prime Minister, good morning.
Speaker 1 (00:26):
Good morning. Good to be with you, Nice to be
with you.
Speaker 2 (00:28):
My son, for example, he's doing a postgrad it's called
a Master's of Physiotherapy and he at the moment is
paying well. By the time he's finished a two year course,
he's had to pay ninety two thousand dollars in HEX.
Your new scheme will save him I think sixteen thousand
over the course of that. But that's a lot of
money for students to be paying, isn't it.
Speaker 1 (00:49):
It sure is, So that's why we need this reform.
What it will do is make sure that people debt
for a start gets decreased by twenty percent. That will
will sists more than three million Australians. So the average
debt is twenty seven six hundred dollars that will see
them get five and a half thousand dollars wiped from
(01:10):
their debt. But secondly, by making the thresholds fairer as well,
it will also mean that people are paying less back.
So a person, if you're on seventy thousand dollars, you'll
pay around about thirteen hundred dollars less per year in repayments.
So that is these two measures combined are about intergenerational
(01:34):
inequity and getting rid of it, making a difference for
people in their cost of living, but also encouraging people
to go to university. We need something like eighty percent
of kids who are currently in primary school will need
either a university degree or a tape qualification for their
(01:56):
employment just to start. And we need to recognize that
it helps people like your son and others who are
doing university or TAKEE, but it also helps the country
we need. We need to be a smart country. We
need people with these qualifications. And that's why these two
university measures, as well as making free tape in areas
(02:19):
of skills shortage permanent with one hundred thousand free courses
every year, aimed at making a big difference to people
but also making a big difference to the country as well.
Speaker 3 (02:32):
I didn't realize this that our students pay more in
tax than the gas companies do for the petroleum resource
rent tax. Like it's quite extraordinary, extraordinary that I just
discovered this this morning. WHOA look at that, Like they're
paying that's that's a phenomenal amount of money.
Speaker 1 (02:50):
See that the kids atrail.
Speaker 2 (02:51):
It makes a lot of money from hex' don't they?
Speaker 1 (02:54):
It sure is. I'll tell you. Another startling statistic is
that for many people when they graduate, if they graduate
with a dead of thirty or forty or fifty thousand dollars,
for many of them, they'll pay more in interest on
that debt than they will on the debt that they
graduate with. So it will really be something hanging around
(03:17):
for a long period of time. And that was never
the intention. When X was introduced. It was called the
Higher Education Contribution Scheme, and the previous government lowered the
amount in which you had to start paying it back.
Change the name of it to help the loan program.
And it's as if it's a loan for a new
(03:41):
car or something that contributes just to the individual. What's
been forgotten here is that people getting a qualification bad
at university or taithe making a contribution to making us
a smarter country as well, which is why these practical
measures will make an enormous difference to people's budget, putting
(04:02):
more dollars in the pockets of people who feel justifiably
that they're getting the rough end of the pineapples.
Speaker 3 (04:11):
You would have been like me, but that Goflet thing
that that turned out to be a financial disaster on
one hand, but on the other hand, you got people
like yourself and Amanda that came through the ranks under
the benefit of free education.
Speaker 1 (04:28):
Oh, that's right. And I was the first person in
my family who finished school, let alone go to university.
And one of the things that the Whitlam reforms did
was that they made it seem as if going to
university was within reach of people. And so many members
of my cabinet are the first members of their family
(04:50):
who went to university. And that's a good thing about education.
Speaker 3 (04:54):
But do you think though, that the pendulum has gone
the other way? There's too many kids going to UNI
doing things like vase vase painting and stuff like that
when they should be doing a trade. Has the pendulum
swung the wrong way.
Speaker 1 (05:06):
No, not at all, and by and large, whilst there
is the odd example of that, overwhelmingly people go to
university to get an education and a qualification that will
serve them not just in their work life, but in
their broader life as well. Learning how to think and
work things through is important in itself, but we've prioritized
(05:30):
fee free tape. When we introduced it, it was called by
the opposition a waste. Well over five hundred thousand Australians,
not just young Australians, but also people retraining for new
jobs as the economy has changed have enrolled in free
free tape. They're doing carpentry and electrical and information technology
(05:51):
and robotics, as well as the care sector, childcare, age care,
disability care in all of these areas of skills, shortage
of ties, and that's a good thing. We need to
lift up the number of trades people and that's far
better than importing people with skills. We need to train
Austrands up for those jobs and recognize that a university
(06:15):
degree is important, but equally important are those tape qualifications?
Are those trades.
Speaker 3 (06:21):
Well, Prime Minister is nice to have you on the
show and not talking about quotas, perks and things like that.
Speaker 1 (06:28):
Well, I think this is what people are interested in.
They're interested in how we'll make a difference for them,
and these measures that we announce on the weekend will
certainly do that. Education is the key to widening those
doors of opportunity. And you know, when I was a kid,
my mom made sacrifices to make sure that I would
(06:52):
continue through school and have the opportunity to go to university.
And so many families out there, that's what they want.
They want a better opportunity and a better life for
their kids and their grandkids, and the government needs to
help them with that rather than be a barrier with
this lifetime of debt. And that's what these measures are about,
(07:15):
making a practical difference to your listeners and to their families.
Speaker 2 (07:21):
Thank you, Prime, and it's a nice to talk to you.
Speaker 3 (07:23):
Thank you very much, Anthony Albanezi. Then
Jersey and Amanda gam Nation.
Speaker 2 (00:03):
The Prime Minister has announced quite extraordinary to establish fee
free tape as an enduring feature of our education and
training system, and from the first of July next year,
the government will reduce the amount Australians with student debt
have to repay per year and raise the threshold at
which they have to start repaying. This is big news
for students with a hex step Prime Minister, good morning.
Speaker 1 (00:26):
Good morning. Good to be with you, Nice to be
with you.
Speaker 2 (00:28):
My son, for example, he's doing a postgrad it's called
a Master's of Physiotherapy and he at the moment is
paying well. By the time he's finished a two year course,
he's had to pay ninety two thousand dollars in HEX.
Your new scheme will save him I think sixteen thousand
over the course of that. But that's a lot of
money for students to be paying, isn't it.
Speaker 1 (00:49):
It sure is, So that's why we need this reform.
What it will do is make sure that people debt
for a start gets decreased by twenty percent. That will
will sists more than three million Australians. So the average
debt is twenty seven six hundred dollars that will see
them get five and a half thousand dollars wiped from
(01:10):
their debt. But secondly, by making the thresholds fairer as well,
it will also mean that people are paying less back.
So a person, if you're on seventy thousand dollars, you'll
pay around about thirteen hundred dollars less per year in repayments.
So that is these two measures combined are about intergenerational
(01:34):
inequity and getting rid of it, making a difference for
people in their cost of living, but also encouraging people
to go to university. We need something like eighty percent
of kids who are currently in primary school will need
either a university degree or a tape qualification for their
(01:56):
employment just to start. And we need to recognize that
it helps people like your son and others who are
doing university or TAKEE, but it also helps the country
we need. We need to be a smart country. We
need people with these qualifications. And that's why these two
university measures, as well as making free tape in areas
(02:19):
of skills shortage permanent with one hundred thousand free courses
every year, aimed at making a big difference to people
but also making a big difference to the country as well.
Speaker 3 (02:32):
I didn't realize this that our students pay more in
tax than the gas companies do for the petroleum resource
rent tax. Like it's quite extraordinary, extraordinary that I just
discovered this this morning. WHOA look at that, Like they're
paying that's that's a phenomenal amount of money.
Speaker 1 (02:50):
See that the kids atrail.
Speaker 2 (02:51):
It makes a lot of money from hex' don't they?
Speaker 1 (02:54):
It sure is. I'll tell you. Another startling statistic is
that for many people when they graduate, if they graduate
with a dead of thirty or forty or fifty thousand dollars,
for many of them, they'll pay more in interest on
that debt than they will on the debt that they
graduate with. So it will really be something hanging around
(03:17):
for a long period of time. And that was never
the intention. When X was introduced. It was called the
Higher Education Contribution Scheme, and the previous government lowered the
amount in which you had to start paying it back.
Change the name of it to help the loan program.
And it's as if it's a loan for a new
(03:41):
car or something that contributes just to the individual. What's
been forgotten here is that people getting a qualification bad
at university or taithe making a contribution to making us
a smarter country as well, which is why these practical
measures will make an enormous difference to people's budget, putting
(04:02):
more dollars in the pockets of people who feel justifiably
that they're getting the rough end of the pineapples.
Speaker 3 (04:11):
You would have been like me, but that Goflet thing
that that turned out to be a financial disaster on
one hand, but on the other hand, you got people
like yourself and Amanda that came through the ranks under
the benefit of free education.
Speaker 1 (04:28):
Oh, that's right. And I was the first person in
my family who finished school, let alone go to university.
And one of the things that the Whitlam reforms did
was that they made it seem as if going to
university was within reach of people. And so many members
of my cabinet are the first members of their family
(04:50):
who went to university. And that's a good thing about education.
Speaker 3 (04:54):
But do you think though, that the pendulum has gone
the other way? There's too many kids going to UNI
doing things like vase vase painting and stuff like that
when they should be doing a trade. Has the pendulum
swung the wrong way.
Speaker 1 (05:06):
No, not at all, and by and large, whilst there
is the odd example of that, overwhelmingly people go to
university to get an education and a qualification that will
serve them not just in their work life, but in
their broader life as well. Learning how to think and
work things through is important in itself, but we've prioritized
(05:30):
fee free tape. When we introduced it, it was called by
the opposition a waste. Well over five hundred thousand Australians,
not just young Australians, but also people retraining for new
jobs as the economy has changed have enrolled in free
free tape. They're doing carpentry and electrical and information technology
(05:51):
and robotics, as well as the care sector, childcare, age care,
disability care in all of these areas of skills, shortage
of ties, and that's a good thing. We need to
lift up the number of trades people and that's far
better than importing people with skills. We need to train
Austrands up for those jobs and recognize that a university
(06:15):
degree is important, but equally important are those tape qualifications?
Are those trades.
Speaker 3 (06:21):
Well, Prime Minister is nice to have you on the
show and not talking about quotas, perks and things like that.
Speaker 1 (06:28):
Well, I think this is what people are interested in.
They're interested in how we'll make a difference for them,
and these measures that we announce on the weekend will
certainly do that. Education is the key to widening those
doors of opportunity. And you know, when I was a kid,
my mom made sacrifices to make sure that I would
(06:52):
continue through school and have the opportunity to go to university.
And so many families out there, that's what they want.
They want a better opportunity and a better life for
their kids and their grandkids, and the government needs to
help them with that rather than be a barrier with
this lifetime of debt. And that's what these measures are about,
(07:15):
making a practical difference to your listeners and to their families.
Speaker 2 (07:21):
Thank you, Prime, and it's a nice to talk to you.
Speaker 3 (07:23):
Thank you very much, Anthony Albanezi. Then
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