Hecs/help loan (1 Viewer)

[Jinks]

I was wondering if anyone could offer a bit of advice on this.

My question is if it would be worth paying university fees up front (given you have the ability to) or to take the student help loan and invest this money in a rolling term deposit, and then make the minimum repayments after starting full-time work.


Thanks in advance

 

[townie]

I stress I'm not a financial advisor and you should seek independent advice etc.

But I think now that the upfront discount has been slashed if makes little sense to pay upfront unless you think your the type that might blow your money rather than investing it.

 

[Jinks]

Yeah the discount has been slashed from 20% to 10%, which is good but nothing amazing.

I've been investing my money for a fair few years now so I will have no problem continuing to do so.

 

[Newbie]

i always like to think the fees are an interest free loan so makes sense to draw it out for as long as possible.

 

[Jinks]

Alright, thanks!