HECS-style system 'could help save farmers' | Sky News Australia

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HECS-style system 'could help save farmers' | Sky News Australia
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Sky News host Chris Kenny has warned the Australian public there will be a “crazy summer” ahead, both in the “media and politics,” over “climate change hysteria”. KennyOnSunday

Australian economist and academic Bruce Chapman says “everybody wants to help people suffering through the appalling drought” but the Morrison Government must consider “policies that work”. Mr Chapman, who devised the Higher Education Contribution Loan Scheme for student in Australia, called on the Morrison Government to implement a 'HECS-style' loan scheme to help drought-affected farmers. “The thing about the HECS-system, which is applied to university students...

“So, in the future if you don't have the money, you don't have to pay,” he said. “When things recover, then you pay a bit more". Mr Chapman was critical of suggested government grants or loans with subsidised interest rates, as not being an effective method to help the nation’s struggling farmers.

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