Medical graduates | Hewison

Medical graduates

A Higher Education Contributions Scheme (HECS) or HELP (Higher Education Loan Program), debt is incurred when the Federal Government lends you money to fund your university education which you do not need to repay until you earn over a certain threshold.

The beauty of this is that the loan is interest free. Therefore the short answer is no, there’s no rush to repay your debt.

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Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.