The Untold Truth About HECS Debt In Australia
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Publicado 2024-07-23
Sydney teacher Alicia Romijn found out she owes $81,000 despite making regular payments over the last ten years and joins us to explain what is happening.
#HECSdebt #UniDebt #HECS
Todos los comentarios (11)
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You have to realize that student debt is a control system. We have human behavioural research showing keeping them in debt and only 3 or 4 pay packets, keeps them working and not protesting. It's social engineering, not intelligent economics.
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buying a home? arnt they for investors?
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If they are incapable of understanding what finance is & its ramifications, then maybe university isn't for them.
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See this is a cultural difference here in Australia. You spent $70,000 and 3 to 4 years of time end it up with low pay and low skills job, many are stocking shelves in Woolworth or driving Uber with a massive HECS to pay back. You could of going to TAFE for free and making much more money as a tradie. But this is the opposite in Asian countries where the university graduates make much more money and get much more respects than the TAFE or tecnicsl school graduates.
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It shouldn't go unsaid that the government makes more revenue from HECS debts than from fossil fuel taxes.
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I wish I had of gone to university so I knew what index was , get a job as a butcher or a electrian free you can even earn while you learn
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reduce indexation or debt is just someone else is paying the debt
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Just like council rates, it costs more than it really has to so that the mayor can get $1M salary. Here the professors get the exaggerated salaries. So what else in new?
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Surely the solution is to educate people about indexation and compound interest instead of giving a select few a pass, no? It's shameful that a STEM teacher can admit in public, to the nation they don't understand indexation.
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Meanwhile, the Nordic countries have free education and highest number of businesses per head of population in the world.
