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Old 15th Nov 2020, 21:00
  #86 (permalink)  
Squawk7700
 
Join Date: Apr 2005
Location: Melbourne
Posts: 3,870
Received 191 Likes on 98 Posts
Originally Posted by audioguy
If the VET system is anything like the UK student loans system then a student would be stupid to spend a penny of their savings or other offered family money in paying off the debt. There are many reasons why you might never pay off the student loan so best to leave it until your wages are high enough to start paying it off automatically. Meanwhile the savings and family money goes on finding somewhere to live after the course, putting a deposit down and investing in whatever you need for your job.

You might never need to pay it back so why start?

Dave
Social conscience. In Australia you pay it back because otherwise you are a leach on society and you cost the country billions.

Pretty hard to NOT pay it back in Australia with the threshold so low for paypack.
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