Thread: Uni Fees...HEC's/HELP

I've just recently paid off my HECS about 12 years after completing uni. As far as I know HECS fees don't get bigger with interest, however they are "indexed" which is probably just a roundabout way of them getting bigger with interest but in a loophole'y kind of way. Either way, HECS never get in the way of getting home loans or anything like that, they just sit there and a little bit comes out each week to contribute towards them when you start earning enough money. It's very manageable, and I'm sure a good sum of money would be much more useful in putting towards a house deposit or paying off other debt or something like that. If I had a bunch of money at the start of my degree my uni fees would have been last on the list.

Thanks.

Grandparents said the $$$'s are specifically for subjects studied. They are old school and changing there minds.

Gday weeds.

I just paid off mine. When i was studying you could pay for courses up front for a 20% discount. Im not sure if thats changed recently with the tertiary education changes but i used it to save a grand or so.

As said tho, its not really noticed once working. I ended up getting $77 a week more once paid off, or around $4k a year.

When our daughter was going to Uni (finished 2 years ago), paying in advance got quite a good discount. I don't know if that still applies.

Originally Posted by p38arover

When our daughter was going to Uni (finished 2 years ago), paying in advance got quite a good discount. I don't know if that still applies.

That's what I thought as well but I see there has been some changes from Jan 2017

I'm in the same boat exactly. This article pretty well covers it: Paying uni fees upfront v taking a HECS loan

David

Originally Posted by l00kin4

I'm in the same boat exactly. This article pretty well covers it: Paying uni fees upfront v taking a HECS loan

David

Awesome, thanks I will have a decent read tonight.

Don't forget to factor in the text book rip-off - can be very expensive.