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Sydney couple Sam Peppou-Chapman and Mina Askovich have a choice to make. Fortunately for the pair, they have been offered support from the Bank of Mum and Dad, but they are undecided whether to use the money to pay off their combined university debt of about $60,000 or accept help with a home deposit.
At first blush the choice might seem obvious take the money and immediately use it to buy property in an unstoppably appreciating market. But brokers have told Peppou-Chapman that having Higher Education Loans Scheme (HELP) debt will impede their borrow…
Read the full article at: https://www.afr.com/wealth/personal-finance/house-deposit-or-hecs-debt-what-s-best-for-the-kids-20240405-p5fhs5