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Not if it came out I was rarely at uni. Very few of my mates and I did. But we finished up with a lot of experience, made getting work easier. I spent a lot of that time working full time and only showing up for exams. Far from a healthy lifestyle there was more than one of us who were rushed to...

I'm not trying to convince you to agree with me or not. I'm simply stating what I'm doing.

I will be paying a whole lot of stamp duty and other taxes. I'm sure that will more than cover my share. In the meantime they will get my interest payments until it is eventually all paid off. I never said I was not going to pay it off. I just said I was in no rush to throw my money into the...

Dang. fyi for the record. To clarify, I don't have an issue with increasing costs of tertiary education. Predominantly I see it as a waste of time and the current system breeds mediocrity. I love to learn and continue to take on mentors. Yet a system that promotes "more degrees = more money" as...

It goes up by 2.8%/year CPI. My investments go up about 8%/year + positive cashflow. Why would I sink good money into paying off something so trivial any earlier? Even if I wasn't an investor, it would be better off left in an offset account.

Jeez you guys are eager. I never paid attention. It was something like $60k (I failed subjects as well). UTS is 5 years full time. It's somewhere around low $40k now. I earn a lot less than before as I usually take a few months off every few years and as of mid 2013, I've taken a year off to...

There seems to be a misunderstanding as to why I said what I said. My point is, if one hasn't been able to figure out how to live on their income minus the HELP deductions by the age of 40, what difference is it going to make if it takes them till 60 to pay it off or never. The specifics of...

Love you mathematicians. Yeah probably have paid off something like that. So how long before I pay it off? 35-40 years old? May as well double it, by the time I no longer have HECS deducted I'll be retired.

Engineering at UTS was 5 years and I failed like 4 subjects. Also did a masters. Did you make extra repayments? I haven't made any extra contributions (intentional). But I did buy property and travel a fair bit so... pretty fair trade off in my mind.

And that is where you get the inequality. If mommy and daddy are paying your debts for you, then you will be at a great advantage over others who are forced to pay off... as above, perpetual debts. (Amusingly non of my friends whose parents paid for them actually finished university)...

Exactly. And why do that when I can use the money to invest in real estate. Seriously. 7 years of work half of it close to/over $100k, and I barely made a scratch on my HECS debt. To get the higher positions you usually go and get a post-grad degree as well which keeps adding to the debt.

What additional barrier exactly? If they get in, they only pay it back once their income reaches a certain threshold, in the same way I am paying for it now.

I have a $50k hecs debt left. The way I see it. Even if it was purely a UAI based system. The kids most likely to get in will be the ones which were given every opportunity for tutoring/assistance in their pre-uni years. So basically free education is a subsidy for the wealthy anyways. May as...