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Home financial budget Financial Planning financial planning process money saving ideas I've received a scholarship that will cover my entire Aus HELP-Debt, should I pay it off in a lump sum, or invest the $30,000 elsewhere?

I've received a scholarship that will cover my entire Aus HELP-Debt, should I pay it off in a lump sum, or invest the $30,000 elsewhere?

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To clarify, the HELP-Debt loan is an Australian loan for tertiary students. It is interest free, and only starts being paid off once you earn over a certain threshold. It is adjusted for inflation, which is about 3% per year.

My tertiary education will cost me $30,000 in tuition fees, so my scholarship covers that. Should I just pay it upfront, or not, considering (apart from inflation) the loan is interest free?



Submitted February 10, 2019 at 05:43PM by WheresMattDamon http://bit.ly/2I3QLOs
financial budgetFinancial Planningfinancial planning processmoney saving ideas
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