HECS-style loans could help reduce the economic shock of COVID-19

 

The Government’s economic stimulus package will provide much needed relief to the many Australians affected by Covid-19. When more is required, this proposal from Academy Fellows for HECS-style loans to individuals and businesses will allow further financial assistance without impact on the budget bottom-line.

Professor Bruce Chapman is an economist and has worked at The Australian National University since 1984, and been a Fellow of the Australian Academy of the Social Sciences since 1993. He has worked on contingent-style loans for over twenty years, including the initial design of the Australian HECS system. Professor Linda Botterill is the Head of School of Government & Policy at the University of Canberra, and has been a Fellow of the Australian Academy of the Social Sciences since 2015. Both experts say these “HECS-style” loans could help the economic shock of COVID-19.

Read: Professor Bruce Chapman’s commentary in the Sydney Morning Herald (19 March, 2020).

Read: Professor Bruce Chapman’s interview in Campus Review Weekly, which reaches over 200,000 readers a month.

Read: Academy Fellows Professor Bruce Chapman and Professor Linda Botterill explain how giving money now for people/businesses to pay back later could work (from The Conversation – 30 March, 2020).

Watch: Academy Fellows Professor Bruce Chapman and Professor Linda Botterill discussing how income contingent loans could assist Australia.

To interview Professor Chapman, Professor Botterill or other Academy Fellows on issues to do with COVID-19, contact our Communications Manager.