Hi Nicole,
I recently read an article in Money by Caitlin Fitzsimmons about paying off her HECS debt. I have seen a number of columnists suggest it is a good idea not to pay off the debt but rather keep it and invest the money elsewhere as it has a low rate of interest. My daughter recently spent two years overseas. She has now got a job here and looked up her debt. Her original debt of $60,000 has now gone up to $90,000 in that time! I would have thought it would have been more prudent to have paid money off the debt (admittedly she hasn’t made any investments in that time as she was just surviving!). Am I misunderstanding the process?
Read the full article at: http://www.smh.com.au/money/ask-an-expert/a-3600-fine-now-awaits-hecsdodgers-returning-home-20170720-gxf9je.html