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As the cost of higher education continues to rise, many younger Australians face a tough financial decision: prioritise paying off a HECS debt or focus on other financial goals, such as home ownership?
This question is something that Liam Medina, a 26-year-old mechanical engineering graduate from RMIT, faced before deciding to buy a house and land package in Melbourne’s outskirts while carrying a $40,000 Higher Education Loan Program (HELP) debt.
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