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- #26
There's also something called PELS (Postgraduate Education Loans Scheme) that works in a similar way to HECS.
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How much does Uni cost ??
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Ummm, yes I know what HECS is.
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- #28
Well what do you want to know then?
Originally posted by myee8
Well what do you want to know then?
Bombergals post confused me. What was she saying? That the rise in income to $30,000 before HECS was okay or that the 30% increase would offset it.
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- #30
Ok then, let me try. So here is what Bombergal said:
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I think someone above has mentioned this above me, but you can pay it off by HECS. Sure, you have to pay for your books and stuff, but this would cut out a significant part of the cost. It used to be that you start paying HECS back in your tax when you earn $24,000, but with the new budget, it's not until $30,000. Still, there could be an increase in uni fees by up to 30%. Thank God for HECS!
And yes, if you never earn $30,000 (which really would defeat the purpose of a degree ), or if you die, you never owe the government/university anything.
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The rise in income is to do with the cut off level that you must earn income wise before the govt starts to take a certain percentage away from it for your HECS. As posted, that amount was $24K, but now it has been increased to $30K. Therefore the rise is ok in that you must earn more before the govt starts taking out some of it.
From what i have surmised, the 30% is due to the rise in HECS fees that would would have to pay (or defer). Defer is when you do not pay the government yet, instead what happens is described in the above paragraph. Therefore while the fees will cost more, you still don't have to pay it till you earn equal to or more than $30K, but the catch is that they then take a bit more out of your income.
So therefore you could say the 30% increase will offset the rise to $30K in that while you must earn more before the govt takes some of it back, the govt will take more out when you earn up to or over the 30K amount.
Oh, thank you.
But I think you missed my leftist 'tongue in cheek' to the post!
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- #32
You'd hate to be forking out $15k on a postgrad degree that's only going to get you nowhere
Sucker born every minute?
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- #33
Actually it isn't as much for what i am doing (purely coz i can't be sutffed finding a job atm), but if you think that is expensive, be thankful you don't do any of that masters/phd/doctorate stuff!
- Banned
- #34
What makes you think I don't?
Basically HECS comes in 3 bands:
The law units (which I'm unfortunately having to do 80% of) are Band 3 and the most expensive.
Band 2 is my Marketing and Taxation Units
Band 1 covered one of my Sports Administration units (it was a cheapo).
The law units (which I'm unfortunately having to do 80% of) are Band 3 and the most expensive.
Band 2 is my Marketing and Taxation Units
Band 1 covered one of my Sports Administration units (it was a cheapo).
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Commerce/Info.
Info is just a fall back position. For an extra years work I come out with two degrees and it leaves a few more doors open.
Originally posted by BomberGal
Apparently I did, too.
I thought my post was straight-forward enough.
Yep, the way I read it was, you think it's okay to increase the uni fees by 30% because now you don't have to pay off your HECS until your salary reaches a staggering $30,000!
swansrock4eva
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Atm my parents are paying my HECS upfront to save me the 25% but I have to pay them back when i finally have some money! This semester, doing two medicine (band 3) and 2 science (band 2) subjects i think it was about $2200 up front, and $2800 if i'd deferred. On top of that I had about $400+ worth of textbooks to buy, which also goes onto the bill my parents are lining up for me. I've also picked up a Diploma program on top of my Degree which will add about $600+ of HECS from here on each semester, and probably $150 of textbooks as well.
On top of that, I have travel costs of about $30/wk (thank god for concession passes!), various costs associated with sharing my mum's car, and work 2 jobs to make sure I have some money to be able to buy neccessaries like clothes etc.
I think if i'd realised how expensive uni was before I rocked up, I might have thought twice. Not only does it cost a lot of money, but if you take on a heavier program - science or medicine especially, it's not the bludgey good time it's made out to be - I'm at uni 30+hrs/week, travel at least 3.5hrs a day, and then have to squeeze work, home study and sleep (and some footy!) into the equation. Not wanting to put people off, but it IS a big committment in many ways and isn't neccessarily everyone's cup of tea - these days schools push it so hard that uni is everything, but for quite a few people, it can turn out to be a mistake.
On top of that, I have travel costs of about $30/wk (thank god for concession passes!), various costs associated with sharing my mum's car, and work 2 jobs to make sure I have some money to be able to buy neccessaries like clothes etc.
I think if i'd realised how expensive uni was before I rocked up, I might have thought twice. Not only does it cost a lot of money, but if you take on a heavier program - science or medicine especially, it's not the bludgey good time it's made out to be - I'm at uni 30+hrs/week, travel at least 3.5hrs a day, and then have to squeeze work, home study and sleep (and some footy!) into the equation. Not wanting to put people off, but it IS a big committment in many ways and isn't neccessarily everyone's cup of tea - these days schools push it so hard that uni is everything, but for quite a few people, it can turn out to be a mistake.
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- #41
You are so true swansrock4eva. If i had known, i wouldn't have put so much emphasis for uni. I mean there are heaps of apprenticeships and TAFE courses that once successfully completed would often result in better job opportunities. There are also good uni courses, but the non-uni ones like apprenticeships and TAFE are underesitimated in terms of job opportunities. I mean i should have gone and done some course to be a cop, at least i would have been a good chance of being one when i graduated. But commerce? I don't even know if i will get a farkin job out of this goddam degree.
swansrock4eva
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Myee, I'm the same - I'm doing sport science, and they keep telling us all about this great new industry that is developing in Sport science, and how private practice is the way to go, but they have totally left out the "how to run a private practice" part of the course - that's why i've picked up this Diploma - you come out with business skills and various TAFE certificates at the end of it, which will probably be more useful than my actual degree, sadly enough.
I do enjoy what I do at uni, but looking at my financial situaiton and future liabilities, I'm gonna be paying my parents back for about the next 2 millennia! It's not the best feeling to have hanging over one's head...
I do enjoy what I do at uni, but looking at my financial situaiton and future liabilities, I'm gonna be paying my parents back for about the next 2 millennia! It's not the best feeling to have hanging over one's head...
