Its the best kind of debt you can have IMO, it has no due date and is one of the lowest interest rates out there! Unless you have money to throw around, i wouldn't bother making payments too it either.
Registered User
Its the best kind of debt you can have IMO, it has no due date and is one of the lowest interest rates out there! Unless you have money to throw around, i wouldn't bother making payments too it either.
Registered User
Honestly, just ignore it. The payments when they are made are so low that you don't even notice them. Fact of the matter for me is that once I was working and paying off my HECS debt, the money just went out of my pay before I got it so it wasn't like I ever missed the money anyway - I didn't have it before I started working and I didn't have it afterwards.
It took nine and a half years of working before mine was paid off - just in time for me to quit working and become a SAHM permanently. Oh well, at least I've paid the country back for educating me!
BW
ergh I owe just over 3 grand. I hope I havent earned enough to start paying it off yet, I need the tax money this year :/
Registered User
I didn't realise it had interest....
Registered User
The interest on your HECS/HELP debt is only cpi, so very small.
BW
Yeah I got mine in the mail it was 1. something percent
Registered User
Haha all your replies made me laugh! I'm glad I can blissfully ignore it, probably for the rest of my life! Cheers for taking the weight off my shoulders ladies!
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