The Federal Government's Higher Education Report 2004-5 shows the accumulated HECS debt of Australian university graduates is more than $13 billion.
Labor's education spokeswoman Jenny Macklin says it shows since the Government was elected in 1996, the accumulated HECS debt has increased from $4 billion to $13 billion.
"What it shows is there has been over a 100 per cent increase in university fees and students as a result of that are carrying enormous HECS debt, it's making it harder and harder for young people to buy a home and we already have evidence that young people are delaying starting their families because of this very high level of HECS debt ....
More than 60 university degrees are now costing more than $100,000 for Australian university students and we also know that HECS also has gone up on average by more than 100 per cent," she said.
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