What's HECS?? (1 Viewer)

[sugaryblue]

plz help me- whaty's the difference between Hecs and local fees? thanks

 

[underthesun]

Page 43 of the UAC book has a very short explanation that basically says it all.

Paying fee lets you into a course with 5 UAI less, or something like that. However it's expensive..

HECS lets you pay later by tax (something like that) or you can choose to pay up-front and save 25%

 

[*~Dazed~*]

yeah and also with hecs you dont have to start paying it off until you leave uni and get a job and they take it off your salary

 

[sugaryblue]

Originally posted by underthesun
Page 43 of the UAC book has a very short explanation that basically says it all.

Paying fee lets you into a course with 5 UAI less, or something like that. However it's expensive..

HECS lets you pay later by tax (something like that) or you can choose to pay up-front and save 25%

thanks, so should I choose the HECS one or the local fee? I am still confused

 

[hipsta_jess]

depends...local fee is really expensive upfront, but it has a slightly lower uai entry, hecs is what most people go as and pay it back later out of their wages (you have to earn over *roughly* 25k).
if you can afford it, go in as hecs, then pay it off straight away, that way you get like a 25% saving.
although hecs paid back later doesnt get interest, it goes up according to inflation.