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  1. HotRod

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

    But those pollies never came from families with generous family tax benefits. Probably going through this discussion in 10 years when all this middle class welfare gets canned.
  2. HotRod

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

    Bingo! :p :D
  3. HotRod

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

    CPI is there. Funny thing is, young people on $100K plus will go splash out on that flash car, eat out/go out every weekend and run up a nice CC debt and not think twice about the $30 to 40K that evapourates to support their lifestyle, yet complain about a debt that has a very low interest...
  4. HotRod

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

    Let's have a go. 7 years uni, 4 doing engineering and say 3 commerce, the debt should be about $65K using those UTS values. Assuming a starting salary of $65K and rising to $100K after 3/4 years we get: Debt Salary Repayment $65K $65K $2.9K $63.9K $80K...
  5. HotRod

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

    Check this out: http://www.whatwillmydegreecost.com.au/ So nice for the Greens to help out. One flaw, they did not increase the $33K by CPI each year, effectively keeping it interest free. Where can one take a loan out at a "real interest rate" of 3.8%????? Still just a touch above...
  6. HotRod

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

    Maybe do something like on Bethselamin in The Hitchhiker's Guide to the Galaxy. :D
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