Quote Originally Posted by The Dunster;213***
The idea behind HECS is that Governments can't afford to offer free education which is simply not true.
With the introduction of HECS people are being suckered into paying for something they can't really afford much like financing on a car or any other asset that loses value over time.
Property / Houses in general are something that generally appreciates in value over time. But education in most cases has a limited life meaning the value of a degree declines over time.
For those able to afford to pay upfront the cost is much less [benefits of paying upfront, no interest] and the asset itself still has value once they own it outright due to it being fresh / new / relevant. For those that can't pay upfront not only do they pay more, by the time they make their last HECS payment the asset has essentially no value at all.

We can also look at Human Capital Theory [HCT] where studies have shown that anything beyond a basic undergraduate degree is a complete waste of time and money.

The only ones to really benefit are the charlatans offering the courses / degrees.
added to this point (which i totally agree with) but HECS is now causing the problem of Uni's just filling seats in courses with any bozo regardless of their entry score because the Uni gets the funding up front. They certainly dont care how Mr Mong is gonna pay off that sweet arts degree because he cant get a job and is in fact, a moron who shouldnt have been at Uni in the first place.
Hence devaluing the degrees that the kids who did actually qualify end up with.



but hey, YOU go be that guy who tries to take funding away from Unis, they'll come at you worse than the child care folk.