I have a HECS debt and there was plenty to read on how it works before applying for it. Unfortunately the discount for paying up front was removed, so I do the next best thing and set aside in a savings account and then pay it off in full in the last week of May each year. Win!
A friend is an instructor and registered financial advisor and always tells them to steer clear, but many still prefer the sales pitch from an unqualified person at a Big Flying School because it is what they want to hear. s
Student debt was a $68.7 billion taxpayers problem in 2021 and is climbing steadily.
Student Debt Statistics 2023 | Finder Australia
Yet still the government are dishing it out and a few people on the gravy train are getting very very rich, (remember Neel on the rich list with his $67 million?) I'm standing by here for them to flame me so we can see who they are. The Soar fiasco should have been an end to it, but too many vested interests now.
Young Rich List 2019: Neel Khokhani flies high with Soar Aviation (afr.com)