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Podcast: The Numbers Game
Episode: The Real Cost of Uni in Australia
Description: HELP debt is now a $80 billion problem for Australia, and it’s only getting bigger. Today we dive into how HECS/HELP debt really works, why it’s impacting borrowing capacity, and whether the system needs a major rethink. From free money myths to the true cost of uni, we unpack the long-term financial consequences and what needs to change.On this episode, we discuss:(00:00) Intro (00:38) What is Australia's $80 billion problem? (04:05) 7.5% of your income gone to HELP repayments (05:15) The impact of HELP debt on borrowing capacity (07:00) Government wipes 20% of HELP debt-fair or not? ...