Almost a quarter of uni student loans are not expected to ever be repaid, a new report says. Source: AAP
AUSTRALIAN graduates who work overseas might still have to pay off their university loans as the federal government looks to reduce the estimated $6.2 billion that will never be repaid.
Almost a quarter of money owed to the government from HELP income-contingent loans will never be recouped, a new report says.
The Grattan Institute's 2013 Mapping Australian Higher Education report finds that students and former students have accumulated HECS and HELP debts of $26.3 billion.
Of this $6.2 billion is "doubtful debt", or money the government is unlikely to recover.
This is a rise of $1 billion from the previous year.
The report says most of the bad debt is owed by HELP debtors who are forecast to die or move overseas before they finish repayments.
Other graduates never earn above the annual threshold for repayments, which is $49,095 in 2012/13.
Report author Andrew Norton says the total debt and bad debt amounts are growing because the original designers of the scheme didn't foresee so many people would be going to university or subsequently working overseas.
"That doubtful debt is not a problem; it's a deliberate part of the design of the loan scheme," Mr Norton told AAP.
"But I think it is expanding in ways which the people who designed the loan scheme back in 1989 would never have envisaged and therefore didn't take into account."
The cost to governments was only going to increase as more people went to university.
Mr Norton said people going to work overseas before paying off their loans wasn't necessarily a problem, but the loan amounts were much higher now than the original $2000 annual flat fee.
"Now that we've got people routinely leaving university with $20,000 to $30,000 in debt, people leaving the country for example is an issue in a way that it just wasn't," he said.
He believed the government probably should look at ways to make the loan scheme cheaper for taxpayers.
Labor parliamentary secretary Mark Dreyfus said Tertiary Education Minister Chris Evans had asked his department to look at ways of retrieving the money from graduates who were overseas.
The National Union of Students is concerned one of those ways might be to deregulate fees, meaning students could be charged more.
"Students at university are paying more for their education than ever before and it now takes around a decade for graduates to pay off the average HECS debt," national president Jade Tyrrell said in a statement.
"It is crucial that students are not forced into shouldering the burden of paying even more for their education."
Liberal MP Steve Ciobo said university students using the public education system had a responsibility to repay the taxpayer assistance that had been afforded to them.
The Grattan Institute report also criticised the plethora of different HELP arrangements in place.
It said as new schemes were added, the system has become "confusing and sometimes seemingly unfair" because of different arrangements for loan fees and repayment discounts.
"You've got all these differences that don't seem to have any kind of real, explained policy rationale," Mr Norton told AAP.
"The scheme has been fiddled with over the last 25 years and we've ended up with something that is pretty messy and arguably unfair to some students."
He said it may be time to start again with a single, simpler loan scheme.
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