Hecs (2 Viewers)

[philphie]

so how does it work?

and how do i apply as a comm supported student?

can HECS cover fees fully?

i know you make repayments through income tax but what if you never work after uni?

 

[philphie]

afaik, if your income never rises above a certain level, or you go overseas, you don't pay it (although i'm not sure if this is correct)

hecs covers all course fees i think, and i think you sort out hecs when you enrol maybe? i know the census date is in march, and the uni sends out letters or something, but not sure the exact processes...

ah k thanks a lot. i'm a bit worried about uni fees because i don't want my parents to pay for it.

 

[the-derivative]

so how does it work?

and how do i apply as a comm supported student?

can HECS cover fees fully?

i know you make repayments through income tax but what if you never work after uni?

I'm pretty sure unless you're an international student, all courses are Commonwealth Supported now.

 

[philphie]

i just hope they're fully covered

 

[Without Wings]

philphie, have a read of the 'Information For Commonwealth Supported Students 2010' Booklet. It should explain it all and answer your questions.

http://www.goingtouni.gov.au/NR/rdonlyres/05FB27A6-1F1B-43CD-9244-D92B6388BDC1/0/HECSHELP2010PDF.pdf

 

[philphie]

philphie, have a read of the 'Information For Commonwealth Supported Students 2010' Booklet. It should explain it all and answer your questions.

http://www.goingtouni.gov.au/NR/rdonlyres/05FB27A6-1F1B-43CD-9244-D92B6388BDC1/0/HECSHELP2010PDF.pdf

thanks

 

[jeshxcore]

i asked my mum about it..
my sister did physiotherapy @ usyd and graduated a few years ago.
she was on csp, so it costed my mum 3000ish per semester. my mum agreed with my sister that aslong as she passed, she would pay the fees, and if my sister failed - my mum wouldn't pay the fees (so she would have a loan when she graduated)

my sister passed everything, so that meant that when she graduated, she had no outstanding fees owing.

so from this, i gather that hecs means that the government pays a portion of the fee, whilst you pay the rest.
if you don't pay the fees, then you have a loan when you graduate, i think its also a 3% interest.

 

[proringz]

All uni fees are covered by HECS-HELP unless you want to pay a minimum $500 for each semester and get some discount.
You will get it all sorted out when you enrol into uni next year, there will be this page where you will need to enter your TFN (Tax File Number) and chose/enter other related things.

 

[kevinx2]

HECS: Government pays most of your uni fees, while you pay the remaining, this is your Student Contribution

HECS-HELP: You take a loan from the government to pay your Student Contribution where you start paying it back when you start earning over a certain amount of money

 

[Dx_God]

so from this, i gather that hecs means that the government pays a portion of the fee, whilst you pay the rest.
if you don't pay the fees, then you have a loan when you graduate, i think its also a 3% interest.

are u sure about the proportion part? i'm pretty sure hecs-help can cover all of the costs for the student contribution, but it's up to u to decide how much u want to borrow from the government and which band (student contribution band) ur course lies within (see page 37 of uac book). Also, i remember there's no interest in the loan itself and the amount is slowly paid through taxation when u reach an annual salary of $41,594. as to how u apply, i think u can speak to the fees department at uni and tell them that u would like to apply for hecs-help and they should give u a form to fill out and just return it back to them when ur finished (not sure about this 1 but i've heard from someone). If u never work then obviously u'll never have to pay back the loan but why would u do that lol? it's not even that much anyway.

As for a more detailed description on hecs-help u can visit the following websites i've found (try the second 1 first. i found it to be very informative):

The Going to Uni Homepage

http://www.goingtouni.gov.au/NR/rdo...A55C510E07B/0/07_068_HECSHELPiNTERNET_004.pdf

Anyways i hope i've helped u philphie, and good luck with uni

 

[jeshxcore]

yeah, like you can choose to pay if you want.. but if you don't, then you have a loan when you graduate and start work.
my mum said theres an interest on it.. but like i'm not 100% sure, my sister graduated '06..things might have changed?

 

[kevinx2]

There's no real interest charged on HECS, it's indexed to account for inflation

Applying for HECS-HELP is quite easy, just your details and TFN

 

[dance2urownbeat]

stop stressing over it now. when you get to uni, you just give them your TFN and say i want hecs help and voila. if you're not sure, talk to your student centre and they will help you out. hecs help pays it all until you can pay it back, as was already stated in this thread.

 

[babikakez]

When I enrolled, it was tick a box and fill in your TFN. If you do not yet have a TFN I would advise applying for one now so that you have it ready for enrolment.

 

[philphie]

yeah i have a tfn.

i'm just wondering lol if i never get a job after graduating does that mean i'll never have to pay off my loan? lol not such a bad thing to be unemployed

 

[babikakez]

Nope, probably not. Though I'd like to think that you'd get a job at some point

Thats why all the mature age students (not talking 30's, I mean the ones in their 60s and 70s) piss me off. They're never going to work with those degrees!

 

[bio_nut]

Wow, you can tell YOU are going to be an arts student.

@philphie

 

[sinophile]

Are you sure theres no interest in it?

That sounds.. odd..

 

[bio_nut]

It's from the government, so no interest, only is adjusted for inflation.

 

[sinophile]

But you still get a discount if you pay it upfront, right?