It's always good to see my HECS debt. I could never afford to pay for Univeristy, so I did the deferred payment method, which was HECS. I believe it might be called HELP now. Either way, I did my BA and my honours on it, though my PhD was oddly enough free if I did it in four years. Anyhow, the HECS debt that I have is addressed to Dr Peek and it keeps gaining interest every year. Perhaps one day I'll be in a position to begin paying it off, but until then, it's like an old friend, growing fatter with the passing of time.
In other news, Placebo released an album that sounded like Placebo, which is both good and bad. I liked Meds more.
(crossposted)
In other news, Placebo released an album that sounded like Placebo, which is both good and bad. I liked Meds more.
(crossposted)
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Comments
I've never found it odd - given the cost to the government of providing subsidised credit to students it makes sense that there'd be some incentive not to take it up: if not, then even the wealthy would do so. That the credit is subsidised is a good point about the Australian system compared to a lot of other developed nations.
The only alternative to that would be a carefully means-tested loan system - not a bad idea, but perhaps unworkable?
My HECS debt is still ~$29k I think. Ouch.
well, fortunately, that's not happening any time soon for me... actually, wait, that might be bad, since the repayment level is still quite low...
The American student loan system is horrible, they have to start paying it back regardless of income!
E