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Reply to "any cons in suspended student loans debt? "
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[quote=Anonymous][quote=Anonymous]Australia charges no interest on student loans. The loans are repayable over 20 years as a function of your wages. Anyone making over $100K pays 10% of their income per year. Anyone making under $33K pays only 1% of income. https://studentloanhero.com/featured/international-student-loans-australia/ Get rid of the interest [/quote] Well yeah except once youve already started paying and either havent even attacked the principal or have only paid off some that doesnt really help.....Fed loans get paid for 20 years and then forgiven- although I will have a huge tax bill :lol: . Consolidating them would mean you end up paying more because youd start with, in my case, the original amount owed and then start paying on it again.... When 50k in loans is 70k almost 10 years after graduating your plan does not make sense. [/quote]
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