Just after Easter, Sophia Vertannes paid the tax office about $20,000 to finally free herself of her student HELP debt.
It’s something she’d been thinking about doing for years.
When she heard her debt would grow 7.1 per cent in June due to indexation, it pushed her into action.
She’s been saving for a house deposit, but she decided to use some of the money to pay down her debt instead.
“You hit this stage of life where you are making bigger financial goals and you remember you have a HECS debt,” the 30-year-old television producer from Perth says.
“[With] the HECS debt, more recently, I started to look at it as not OK debt.”
Sophia studied a Bachelor of Arts and graduated in 2015.
She’s been working since then, but her debt would have take…
Read the full article at: https://www.abc.net.au/everyday/sophia-spent-20k-paying-off-her-help-debt/102296252