Originally Posted by
Squawk7700
It’s a loan from the government that the student pays back once they earn $45,881 gross. It even includes interest, so in some ways, the government is actually profiting from the students, assuming that one day they actually more than $45,881.
I don’t know anyone of my crowd that haven’t paid back their loans.
Slight thread drift.... but I know many ex students who still have it hanging over their heads and will do for many many years to come. Not to mention the ones that left the country and now don't pay it back at all (unless they return and pay Aussie Tax at some point in their future).