Bruce Chapman (Australian economist)
Bruce James Chapman (born 16 September 1951) is an Australian economist and academic known for being the founder or architect of the HECS system. HECS is the Higher Education Contribution Scheme loans system. He is currently a professor at the College of Business and Economics, Australian National University. In 2001, he became a Member of the Order of Australia (AM), "for service to the development of Australian economic, labour market and social policy". In 2017, Professor Chapman was appointed the inaugural Sir Roland Wilson Chair of Economics. Education. He was awarded a Bachelor of Economics at  the Australian National University for his undergraduate degree. He earned his PhD in Economics from Yale University. Career. In 1989, the Australian Federal Government led by Bob Hawke introduced the Higher Education Contributions Scheme (HECS), which was first intimated by Professor Murray Wells (The Australian, 15 April 1987, page 15). Bruce Chapman further developed the policy with the support of the then Education Minister John Dawkins (see Dawkins Revolution). He was also an advisor to the Keating Government in 94–96. In the original HECS, an $1,800 fee was charged to all university students, and the Commonwealth Government footed the  bill. It was a first of its kind loan scheme that used the tax system to collect repayments. The scheme has influenced other countries like the United Kingdom, Ghana, New Zealand and Hungary to introduce their own model of a higher education contribution scheme. Since then he worked with governments on policies such as the Working Nation and the 2010 changes to Youth Allowance. The Abbott Liberal Government came into power in 2013 and tried to introduced reforms into the higher education sector. This included fee deregulation which Chapman has expressed concerns about as it allows universities to raise fees  in excess to the cost of teaching students. If the federal government does decide to uncap fees, he proposes a mechanism of capping of fee increases whereby the government subsidies tapers off when fee increases breaches a certain level. In 1993, Chapman was elected the Academy of the Social Sciences of Australia. In 2017, Professor Chapman was appointed the inaugural Sir Roland Wilson Chair of Economics; a foundation established in 1998 in the name of one of Australia's most prominent economist and public servants, Sir Roland Wilson (economist).