combined (DD) fee's? (1 Viewer)

[Timmay]

if i wanted to do a combined (double degree) engineering/science or comm/law or whatever would i have to pay double the contributions each year?

 

[sukiyaki]

no, you dont

it just your course is longer.. you be paying 5 years hecs not normally 3 years

 

[Generator]

You pay for the indivudual units within the course, not the course in general (With HECS, anyway).

 

[santaslayer]

Nope.

BComm/LLB @ USYD in 2003 was $17000/year

@ UNSW $18720

 

[Timmay]

17000 a year? thats crazy.... is that full fee paying or hec's?

(with my brother and sister my parents paid the hec's contributions for them upfront or some crap so it was cheaper?)

 

[santaslayer]

Local Australian full fee paying. Upfront is always cheaper.

 

[flyin']

One full fee year covers three of my years... education for the rich ><

 

[santaslayer]

I'm gonna be rich from now on.

 

[xiao1985]

Originally posted by Slide Rule
Up front paying cuts 25% off the cost.

changing to 20% nxt year....

 

[Minai]

Originally posted by santaslayer
Upfront is always cheaper.

not necessarily, I've forgotten where I read this, but its actually cheaper in the long run to defer your HECS payments, because of the time value of money, and the fact that you pay no interest on HECS, its just adjusted to CPI - and so if you invested the money instead of using it to pay upfront, you'd earn interest which will increase the present value of that money, which is actually greater than even the 25% discount you recieve - so its better to defer in the long run

 

[scut]

Originally posted by Minai
not necessarily, I've forgotten where I read this, but its actually cheaper in the long run to defer your HECS payments, because of the time value of money, and the fact that you pay no interest on HECS, its just adjusted to CPI - and so if you invested the money instead of using it to pay upfront, you'd earn interest which will increase the present value of that money, which is actually greater than even the 25% discount you recieve - so its better to defer in the long run

Yeh I read that article too, I believe it was Ross Gittens (SMH). So yeh in theory it would be better to pay later down the track.

 

[santaslayer]

Woo..thanks for clearing that up.

But you would have to invest for the HECS to be cheaper wouldn't you?

 

[doe]

ross gittins is a knob jockey

ive excreted more insightful commentary than you'll find in smh

 

[Lexicographer]

SMH = Sydney Morning Herald

SHM = Simple Harmonic Motion

There's no "Simple Motion Harmonic"

 

[Timmay]

yeah
20% off say 5000 = 1000

5000 at 5% (probably the best ur gonna get unless u take risks)
compounding for 4 years = 6077.53125

so if u pay the hecs ur saving 77 bucks (i think thats right anyways, also a pretty general thing) (dont flame me for being wrong im tired)
it would all depend upon ur course price, where u can invest and also inflation would make a difference but i cant be bothered working out what....

anyways paying upfront is easier if ur just getting ur parents 2 pay for it

 

[xiao1985]

there are NO interest for hecs... they only rise it due to inflation... hence no compound either...

 

[Timmay]

i know that im saying that if u were paying hecs on the loan then the money u dont pay upfront with could be invested thats where the interest comes from

 

[santaslayer]

You have to know where to invest as well.....you might end up with a loss

 

[Lexicographer]

ING Direct!