Uni Stuff > General University Discussion and Queries

Paying HECS upfront

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randomnezz:
Hi,
i am really considering paying the hecs upfront but i was wondering if i really should let my parents pay...
From what i gather paying upfront i will get

-- a 20% discount; so as my degree after 4 year will be about 28k ish so i would only pay 22k saving 6k or so; however i don't really like the idea my parent still paying for me, so i think that i'll will pay them back when i start working
-- will not need to pay the CPI (i think it like some interest thing ; about 3% onto of the unpay amount (p/a???) )

OR

 is it better to pay it all a once after emplyment in my 1st year ...(i'm doing a allied health course so my min wage is about 40k) and i guess i will still be living my parents ...so much for wanting independence  :2funny:

OR

say i defer the hecs, slowly pay it off ...(seems like a pain in the ass) however keeps my parents out of the equation...

i would like to hear some comments and if any1 else have something to add, it would very much appreciated  ;D

randomnezz:
Also this is also assuming i don't fail, lol

and also i'm not sure if i am able to save money when i start working 0_0 hehe

Collin Li:
Last one is the best. The interest on that loan is very very low.

Eriny:
If you don't like relying on your parents, you could do a deal with them. Like, in the first year they pay half your HECS upfront and you pay whatever you have, and then for every year they pay a little less in HECS and so you gradually become responsible. I think it's a good idea to pay some upfront if you can, how much is up to you and would depend on your finances.

brendan:
go for the last one

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