i’ve heard people who say different things but im a little confused
basically, my tuition fees are approx $3240 each semester. i have a uni scholarship which is $3000 per semester. if i pay up front i get a 20% discount on the 3240, so i can pay my hecs off using the scholarship.
but i’ve heard people saying that even if you have the money, it might not be better to pay up front? i don’t get it, people say you’re better off investing the money but even if you found a bank account that paid 6-7% (unlikely, i can’t find one anyway) thats not even close to 20%, i get that interest compounds and stuff but its still not going to get anywhere near the 20% discount is it? even if you do get a 10% discount for voluntary contributions after you graduate?
i’m confused, should i be paying up front or leaving it till after i graduate and just letting the government take it out of my pay?
