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  1. H

    Anyone have HECS debt and what do they think about new budget rates?

    The analogy only holds if those with the HECS date aren't whinging that they will never be able to pay it down.
  2. H

    Anyone have HECS debt and what do they think about new budget rates?

    Completely up to you.
  3. H

    Anyone have HECS debt and what do they think about new budget rates?

    Sounds like you are saying the repayment terms are too generous. I think you are right. The potential of 6% isn't really the problem is it.
  4. H

    Anyone have HECS debt and what do they think about new budget rates?

    Ok so it's not the interest rate that's the problem, it's the preparedness to repay that may make it perpetual. But no one says you can't pay more. Do you pay the minimum monthly repayment on a credit card too? So yes, if you choose not to repay, there is potential of a perpetual debt. I...
  5. H

    Anyone have HECS debt and what do they think about new budget rates?

    How do you figure 6% would lead to a perpetual debt? Isn't then rate just going to be the 10 year govt bond rate with a cap at 6%? so often well below 6%?
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