Everything you need to know! | HECS and FEE-HELP loans explained

Everything you need to know about HECS loans and FEE-HELP loans! Want to know if you should pay off HECS early? Make extra repayments or invest that money instead? How does it impact your mortgage or borrowing power?

In this video explain what these loans are, how they work, the pros and cons of paying them off early, and show you some examples to compare investing vs paying down your debt.

0:00 Introduction
1:03 What is a HECS / FEE-HELP loan?
2:03 How does the loan work?
5:02 Why you might NOT want to pay off your loan early
6:15 Why you might want to pay off your loan early
8:14 Examples of investing your money vs paying off debt
13:57 Summary of examples

📌 MENTIONED IN VIDEO 📌
Loan repayment rates: https://www.studyassist.gov.au/paying-back-your-loan/loan-repayment
Information on Australian Study Assist and HELP loans: https://www.studyassist.gov.au/help-loans

💡 SIMILAR VIDEOS 💡
Tackling $150,000 worth of HECS/FEE-HELP debt: https://bit.ly/3oXhZGQ
How I'll pay off $40,000 Debt in 1 year (HECS/FEE-HELP): https://bit.ly/3aHsRDG
What is Net Worth?: https://bit.ly/2YY9ssz

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🎥 Filming Equipment 🎥
Camera: https://amzn.to/3D0FEyu

Music: Lakey Inspired - Blue Boi

I respectfully acknowledge the past and present traditional owners of the land on which this content was created on, the Dharawal people.

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Disclaimer: I am not licensed to give financial advice. Anything discussed in this video is purely my experience and opinion only. Please seek financial advice and education of your own before making financial decisions.

Видео Everything you need to know! | HECS and FEE-HELP loans explained канала Simply Sam