What does "HECS style loans" mean in this title of an article? What are HECS loans?
"Drought policy expert calls for HECS-style loans for farmers"
The link for the article is:
- MikeLv 711 months ago
HECM stands for Home Equity Conversion Mortgage, a reverse mortgage.
- curtisports2Lv 711 months ago
HECS was an Austalian government scheme (the S) to subsidize only SOME higher education loan costs (what the Aussies call 'tertiary education'. Only some students received government help with tuition; many had to pay the full cost of their education.
Extending this concept to farming is what the article would be referring to.