Currently Liability for Fees at UNSW (1 Viewer)

[Jakulore]

Hey all, so I saw my current liability today and I just had a few questions

1. Do I have to pay this amount or is it deferred onto HECS
2. If deferred onto HECS, do I have to manually do that, or is automatically done since I already applied for HECS?
3. Does this amount go up after the Census date since I won't be paying upfront?

Thank you for any and all help!

 

[Squar3root]

1) no
2) automatically
3) no, you get a discount if u pay more than 500 upfront but since you're not paying it will all be defered to ur hecs

 

[Jakulore]

1) no
2) automatically
3) no, you get a discount if u pay more than 500 upfront but since you're not paying it will all be defered to ur hecs

Thank you!

 

[BLIT2014]

1) no
2) automatically
3) no, you get a discount if u pay more than 500 upfront but since you're not paying it will all be defered to ur hecs

Pretty sure that HECs doesn't offer a discount anymore.

 

[D94]

If you applied for HECS then you first enrolled, it is automatically applied for each semester. The liability will disappear after the census date.

 

[Jakulore]

If you applied for HECS then you first enrolled, it is automatically applied for each semester. The liability will disappear after the census date.

Okay, that makes sense! Thank you!!!

 

[CNSie]

How much does your current liability show?

 

[Jakulore]

How much does your current liability show?

$3850

 

[Queenroot]

$103,867

 

[Jakulore]

$103,867

HOW!!!!!????

 

[Squar3root]

Pretty sure that HECs doesn't offer a discount anymore.

oh yea my bad. From 2017 onwards there is no discount

my advice put everything on HECS anyways

 

[akkatracker]

oh yea my bad. From 2017 onwards there is no discount

my advice put everything on HECS anyways

Definitely, from an investment POV no point not taking HECS (even if you can afford). It's essentially an interest free loan.

Chuck the uni fees into a term deposit (low risk) , an index fund (mid risk) or a stock (higher risk) and profit the gap between your return and the inflation rate and take your mates to the pub or something (I worked it to be about 300 dollars or so a year in the safest option)



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[Esse]

I have to pay upfront, but when I click 'Pay now' i get taken to the 'select fee statement' page, but there are 'no records shown'?