Student Loans, HECS/HELP Debt | INFJ Forum

Student Loans, HECS/HELP Debt

Discussion in 'Science and Technology' started by Shai Gar, Aug 28, 2009.

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?
  1. USA - I've paid off my student loan.

    0 vote(s)
    0.0%
  2. USA - I'll never be able to pay off my student loan.

    1 vote(s)
    9.1%
  3. USA - I'm a good way into paying off student loan. (or will be able to...)

    4 vote(s)
    36.4%
  4. USA - My student loan has crippled my finances for life.

    1 vote(s)
    9.1%
  5. UK - I've paid off my student loan.

    0 vote(s)
    0.0%
  6. UK - I'll never be able to pay off my student loan.

    0 vote(s)
    0.0%
  7. UK - I'm a good way into paying off student loan. (or will be able to...)

    0 vote(s)
    0.0%
  8. UK - My student loan has crippled my finances for life.

    0 vote(s)
    0.0%
  9. Continental Europe - I've paid off my student loan.

    0 vote(s)
    0.0%
  10. Continental Europe - I'll never be able to pay off my student loan.

    0 vote(s)
    0.0%
  11. Continental Europe - I'm a good way into paying off student loan. (or will be able to...)

    0 vote(s)
    0.0%
  12. Continental Europe - My student loan has crippled my finances for life.

    0 vote(s)
    0.0%
  13. Australia - I've paid off my HECS/HELP debt.

    0 vote(s)
    0.0%
  14. Australia - I'll never be able to pay off my HECS/HELP debt.

    0 vote(s)
    0.0%
  15. Australia - I'm a good way into paying off HECS/HELP debt. (or will be able to...)

    1 vote(s)
    9.1%
  16. Australia - My HECS/HELP debt has crippled my finances for life.

    0 vote(s)
    0.0%
  17. I'm from elsewhere, and I'll state my stuff in a post.

    0 vote(s)
    0.0%
  18. I don't have any form of Student Loan, I just wanted to vote.

    4 vote(s)
    36.4%
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More threads by Shai Gar
  1. Shai Gar

    Shai Gar Guest

    This is about finding out who has got a University Debt, and how likely it is they'll ever pay it off.
     
  2. Sithious

    Sithious Well-known member

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    Whooo, that's me!

    What did I win?
     
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  3. Satya

    Satya C'est la vie
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  4. OP
    Shai Gar

    Shai Gar Guest

    My government doesn't make us pay back our HECS/HELP debt until we're earning more than 45 thousand dollars a year, and that income bracket rises every tax year. There's no interest attached onto our loan.
     
  5. OP
    Shai Gar

    Shai Gar Guest

    A shiny chrome biscuit.
     
  6. Satya

    Satya C'est la vie
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    Our government begins making us pay back our student loans 6 months after graduation regardless of whether or not we are employed. We can defer payments, but it isn't uncommon to incur penalties for doing so.
     
  7. OP
    Shai Gar

    Shai Gar Guest

    XD If we never reach the income bracket, we never have to pay it back.
     
  8. Sithious

    Sithious Well-known member

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    [​IMG]

    The only reason I posted this, is because she has huge tits
     
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  9. OP
    Shai Gar

    Shai Gar Guest

    Pics or they're not real.
     
  10. Sithious

    Sithious Well-known member

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    Your question has left me in an awkward position
     
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  11. Satya

    Satya C'est la vie
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    Well that is because you are all a bunch of socialist pigs in Australia.

    We also have the option of subsidized and unsubsidized loans. If you demonstrate financial need you can get a subsidized loan where the government will pay the interest until 6 months after you graduate. Those who have unsubsidized loans have to make interest payments while attending school. The interest is usually 6-8%.

    Student loans are also the only thing you cannot declare bankruptcy from in this country. You can clear all other debts but student loans and if you declare bankruptcy then they will garnish your wages to make you pay back your loans.
     
  12. OP
    Shai Gar

    Shai Gar Guest

    new thread idea... i wonder what it takes to get your country called First World nowadays...

    I'd suspect a high standard of living, combined with a government that supports its citizenry.
     
  13. Satya

    Satya C'est la vie
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    Like all things nowadays, it depends on how much money you have.
     
  14. Orion

    Orion Strength through understanding
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    In the UK you have to be earning
     
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  15. arbygil

    arbygil Passing through

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    I have used so many deferments it's not even funny. Worse, I nearly defaulted on my loan and now I'm (kinda) forced to pay it back. It comes out of my paycheck automatically. :(

    So that's $200 I never get to see. Waaah!

    And I still owe over $20k in these stupid things. I think they'll end up getting the final payment from my estate. :p
     
  16. corvidae

    corvidae ohai internets
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    I got enough scholarships that I don't need any loans! (Until grad school.)
     
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  17. drsolace

    drsolace Community Member

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    My HECS loan is roughly up to 16k at the moment, will probably be 20-25k when I'm finished.

    Hopefully I'll be able to pay it back; if not I'll just make sure I only earn 44k on paper :D
     
  18. GaiaGraha

    GaiaGraha Community Member

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    I'm jealous.
    I'm 13K in the hole- and I need to take out another loan next year.
    And probably the next two years after that.
    Being an art major is so damn expensive!!!
     
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  19. OP
    Shai Gar

    Shai Gar Guest

    come to australia
    Posted via Mobile Device
     

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