It is often called the “best loan you’ll ever get”.
So should graduates try and put their money to work elsewhere?
Or, should they pay down their student loans as quickly as possible?
We asked one expert what you should prioritise.
HELP debt facts
- HECS was renamed HELP in 2003
- VET-FEE-HELP was introduced in 2008 for students studying higher level vocational education and training courses
- The value of total outstanding HELP debt was $44.1billion in June 2015
- There are approximately 2.2 million payees
- The value of outstanding HELP debt is expected to grow to $67.6 billion by 2017-2018
- The Government predicts that almost 23 per cent of the debt is …
Read the full article at: http://www.abc.net.au/news/2017-11-21/is-paying-off-your-hecs-early-worth-it/8934532
