Uni Stuff > General University Discussion and Queries
Paying HECS upfront
randomnezz:
hellomotto -- yeah that was the "interest" i was refering to in my 1st post :P ...although technically it call the CPI ...lol at the government, trying to make it sound like it not interest =)
nak-- http://jobsearch.gov.au/JobOutlook/default.aspx?pageId=GoodProspects&WHCode=2 although keep in mind, i just notice, the data is slightly old :/ (made in 2006) and also play around with the search engines, you should find most occupations there and also give a analysist of each job :P
Collin Li:
CPI is inflation, not interest. It refers to the devaluation of your money, which is consequentially the increase of prices all around. However, investing your money in a bank would grow interest faster than CPI grows your loan, so that is why it is better to defer it.
There is a "25% loan fee" that is disguised as a "20% discount" from a higher price, but essentially if you don't pay upfront, you have to pay 25% more, but that is all - no annual interest rate, just an overall interest rate of 25%.
randomnezz:
--- Quote from: caramel on February 09, 2008, 06:21:40 pm ---I know, but you have the problem that newbies will be looking up to your posts, and while you can have fun sure, you can't mislead them (people might miss the 'un-' etc)
--- End quote ---
lol, i did miss the 'un' =) but an arts degree is pretty cool, i was really considering doing a double degree ba/bsw :P
arh inflation, i should have done a subject in business :( ... anyhow thanks coblin for clearing that up =)
excal:
--- Quote from: coblin on February 09, 2008, 11:00:35 pm ---CPI is inflation, not interest. It refers to the devaluation of your money, which is consequentially the increase of prices all around. However, investing your money in a bank would grow interest faster than CPI grows your loan, so that is why it is better to defer it.
There is a "25% loan fee" that is disguised as a "20% discount" from a higher price, but essentially if you don't pay upfront, you have to pay 25% more, but that is all - no annual interest rate, just an overall interest rate of 25%.
--- End quote ---
Given a small scholarship, do you think taking advantage of the government's super co-contribution is a better idea than paying HECS off in the (very) long run?
randomnezz:
--- Quote from: Excalibur on February 09, 2008, 11:45:06 pm ---Given a small scholarship, do you think taking advantage of the government's super co-contribution is a better idea than paying HECS off in the (very) long run?
--- End quote ---
True, i guess i should consider it =) would you know how i would do that? that is who should i contact? thanks
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