Episode 1323
How does financing a degree differ from a typical business investment? In this episode, we unpack the complex world of student loans, examining how nations finance higher education through specific lending structures that often feature deferred repayment and unique legal regulations.
We explore the distinct systems used around the world, including:
• Australia & New Zealand: How Australia’s HECS-HELP scheme and New Zealand’s system use the tax authority to collect repayments based on income, with New Zealand even offering interest-free loans to residents.
• The United Kingdom: A look at how loans are canceled after a set period (30–40 years) or due to permanent disability, and how repayment thresholds work.
• The United States: A deep dive into the $1.6 trillion debt crisis (as of 2020), the differences between subsidized federal loans and private lending, and the controversy surrounding the 2005 bankruptcy reform that made discharging private loans incredibly difficult.
• Emerging Markets: The role of the Vidya Lakshmi portal in India and government-backed initiatives in South Korea and Thailand.
Join us as we break down key concepts like Income-Based Repayment (IBR), the impact of default rates on the economy, and the ongoing political debates regarding debt forgiveness and the rising cost of tuition.
Published on 11 hours ago
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