Domestic Fee Paying same price as HECS ? (1 Viewer)

[Anthrax]

when we end up paying HECS would it be the same amount if we paid up front ?

say it was $15,000 for Domestic Fee paying, would it be $15,000 we owe to the govenment if we did HECS ?

 

[Generator]

when we end up paying HECS would it be the same amount if we paid up front ?[/url]

say it was $15,000 for Domestic Fee paying, would it be $15,000 we owe to the govenment if we did HECS ?

No, because the fees required of a Domestic Fee paying student are paid annually - using the simplistic example that you mangled, it's actually a case of $45k (Domestic Fee) to $15k (HECS-Help) over the course of 3 years.

Also, DO NOT CONFUSE THE UPFRONT PAYMENT OF A DOMESTIC FEE PAYING STUDENT WITH THAT OF A HECS-HELP STUDENT! They are entirely different - A domestic fee paying student is required to pay a hell of a lot (i.e., their tuition costs in full) each year, whereas a HECS-Help student is required pay the balance of their tuition given that the government subsidises the greater part of their costs, and such students have the option of:

a) deferring what they owe to the tax office each semester; or

b) paying what they owe tax office upfront each semester, with a 20% discount thrown in for good measure.


In closing, as a domestic fee paying student you would be required to meet the full costs of your tuition, whereas as a HECS-Help student you would only be required to pay a proportion of such costs.

edit: Slight change to the first paragraph - just a clarification.

 

[gorgo31]

Also, if you choose to put your domestic fee paying fees onto a FEE-HELP loan, beware the 20% surcharge for undergraduate students. All in all, you end up paying a lot more than a HECS-HELP student, and thus I'd suggest looking into all transfer possibilities before deciding on a domestic fee paying position.