The federal government will waive $21 million in tertiary debt and overhaul IT systems after a tech bungle held nearly 20,000 students’ loans up for years in internal systems.
Some students are yet to be notified of their debt, nearly a year after the issue was identified, while total affected students and debt has more than doubled.
Tuesday’s Budget set aside $79 million to upgrade the ageing systems, some of which are interim solutions running nearly half a decade longer than originally planned.
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