“No one tells us about it, when I was at school, I was naive … I didn’t realise it was a loan that you have to pay back.”
Grace has chosen not to make voluntary repayments, wary that any savings she contributes could simply be undone.
“I want to pay [my HELP debt] off as soon as I can. […] I don’t regret it, but I wish there was a different way young people can still have access to education.”
This series of paragraphs is a wild ride. So she somehow was simultaneously:
completely unaware that you have to pay for university,
refuses to pay it off early because it might disappear somehow (?),
but also wants to pay it off ASAP;
while wishing there was another way to go to university other than taking a very generous loan.
Am I missing something here? Should university be completely free? Most of the article is also just pointing out that longer term loans means that you pay more in interest… Like, yeah? Do undergraduates not understand these basic financial concepts anymore or something?
This series of paragraphs is a wild ride. So she somehow was simultaneously:
Am I missing something here? Should university be completely free? Most of the article is also just pointing out that longer term loans means that you pay more in interest… Like, yeah? Do undergraduates not understand these basic financial concepts anymore or something?