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Trying to repay your HELP or HECS student financial obligation, explained

Who asked the concern?

Bec Rose is a 19-year-old biochemistry pupil located in Melbourne. She wished to learn more about her pupil debt.

"You're told that you begin spending it well as soon as you make a significant wage, but i wish to understand whenever precisely we'll begin making repayments, simply how much those repayments is going to be, " she told ABC lifetime.

Therefore, buckle up: we are going to go deeply into realm of the larger Education Loan Program (HELP), which some people might understand by its name that is former. We are going to protect vocational training and training (VET) figuratively speaking too, that are an element of the HELP system.

If you have been putting this down for a time, here is your chance to tick some life admin off.

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Just How pupil debt works in Australia

If you should be an eligible pupil within an qualified university program or vocational training course, it is possible to access the bigger Education Loan Program (if you are at college) or the VET pupil loan system (if you are at TAFE or any other vocational training provider).