Student Loans, HECS/HELP Debt

[Shai Gar]

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

 

[Sithious]

Whooo, that's me!

What did I win?

 

[Satya]

13K

 

[Shai Gar]

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.

 

[Shai Gar]

Whooo, that's me!

What did I win?

A shiny chrome biscuit.

 

[Satya]

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.

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.

 

[Shai Gar]

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

 

[Sithious]

A shiny chrome biscuit.

The only reason I posted this, is because she has huge tits

 

[Shai Gar]

Pics or they're not real.

 

[Sithious]

Pics or they're not real.

Your question has left me in an awkward position

 

[Satya]

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

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.

 

[Shai Gar]

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.

 

[Satya]

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.

Like all things nowadays, it depends on how much money you have.

 

[Orion]

In the UK you have to be earning

 

[arbygil]

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.

 

[corvidae]

I got enough scholarships that I don't need any loans! (Until grad school.)

 

[drsolace]

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

 

[GaiaGraha]

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.

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!!!

 

[Shai Gar]

come to australia
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