Australians owe $14 Billion on HECS
- Thread starter krisbarry
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Prospector
Not a scaredy cat anymore
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Julia said:
Actually, I shop there too! It is amazing what you sometimes find!
Of course you do : after all ,where else would all the stuff that the y gen. buys and then dumps after wearing it once or twice go.After all they`d hardly want to be like the the boomers who would wear what ever they bought until it was completely worn
: after all ,where else would all the stuff that the y gen. buys and then dumps after wearing it once or twice go.After all they`d hardly want to be like the the boomers who would wear what ever they bought until it was completely worn Now i wonder if these uni students declare their income from drug deals and prostituation to the ATO.... but then again, i guess they see it as a hobby
Whilst we are at it, i would like to blame HECS for the following as well:
* global warming
* high banana prices
* the westpoint collapse
* Paris Hilton's movies (holloywood and private/public home movies)
* Oddball's hairy backside and his waxing/shaving problem
* the ugly curtains in my lounge room; and
* John Howard not giving the prime ministership to Peter Costello
Whilst we are at it, i would like to blame HECS for the following as well:
* global warming
* high banana prices
* the westpoint collapse
* Paris Hilton's movies (holloywood and private/public home movies)
* Oddball's hairy backside and his waxing/shaving problem
* the ugly curtains in my lounge room; and
* John Howard not giving the prime ministership to Peter Costello
Actually Bun that is a very good argument,
selling yourselve may seem unseemli(?spelling)but surely it has to be lucrative,so why are these students in debt.Gee stop the clock,you have to articulate your argument a little better in future,so far Prospector and now Bun have shot your argument down in flames.
selling yourselve may seem unseemli(?spelling)but surely it has to be lucrative,so why are these students in debt.Gee stop the clock,you have to articulate your argument a little better in future,so far Prospector and now Bun have shot your argument down in flames.
I havent bothered to pay off my hecs debt as the discount is only 20% compared with 10% if you pay it off afterwards and with an interest rate of inflation its about the cheapest loan your ever going to get.
I even borrowed money to go on a study trip even though an extra 20% gets tacked onto your hecs debt because it works out cheaper within 4 years if you earn just 2-3% more than inflation, which you can currently do by just putting it in a term deposit or an ING account hopefully more with trading.
There is no doubt I would rather have a free education but given that the tuition fees for a single year at the Uni I am exchanging with for most of the year is just a little less than 50k dollars I don't feel I should complain that much (the American system is insane). The fact that the pay is pretty good when I graduate and with basically a 100% employment rate might bias my opinion though.
I even borrowed money to go on a study trip even though an extra 20% gets tacked onto your hecs debt because it works out cheaper within 4 years if you earn just 2-3% more than inflation, which you can currently do by just putting it in a term deposit or an ING account hopefully more with trading
. There is no doubt I would rather have a free education but given that the tuition fees for a single year at the Uni I am exchanging with for most of the year is just a little less than 50k dollars I don't feel I should complain that much (the American system is insane). The fact that the pay is pretty good when I graduate and with basically a 100% employment rate might bias my opinion though.
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Students are really going to feel the pinch this year with their HECS debts, not only are they paying 25% more for their studies but now are being hit by a 4 per cent CPI inflation number, which is a near 11-year high.
Ouch!
I remember when GST was introduced and CPI ran at 6%, now that hurt, and made my debt even harder to pay off!
Ouch!
I remember when GST was introduced and CPI ran at 6%, now that hurt, and made my debt even harder to pay off!
