So HECS doesn't have interest?
Finally an economist that agress with me
Ross Gittens: in the SMH today.
In some other countries, most would have to take out a commercial loan to pay their tuition fees. But not here - here they're able to pay with HECS. One advantage of HECS is that the interest rate charged is no higher than the inflation rate - usually only 2 or 3 per cent a year.
So :P it IS an interest thing.
In your eye
Ross Gittens: in the SMH today.
In some other countries, most would have to take out a commercial loan to pay their tuition fees. But not here - here they're able to pay with HECS. One advantage of HECS is that the interest rate charged is no higher than the inflation rate - usually only 2 or 3 per cent a year.
So :P it IS an interest thing.
In your eye