The Real Cost of Uni in Australia

HELP debt is now a $80 billion problem for Australia, and it’s only getting bigger. Today we dive into how HECS/HELP debt really works, why it’s impacting borrowing capacity, and whether the system needs a major rethink. From free money myths to the true cost of uni, we unpack the long-term financial consequences and what needs to change.On this episode, we discuss:(00:00) Intro (00:38) What is Australia's $80 billion problem? (04:05) 7.5% of your income gone to HELP repayments (05:15) The impact of HELP debt on borrowing capacity (07:00) Government wipes 20% of HELP debt-fair or not? (08:10) Is the real issue the cost of education? (09:00) Are uni campuses over-engineered and overpriced? (10:40) Should education be delivered inside businesses? (13:45) A look into homeschooling and self-directed learning (15:45) The lack of financial education at school (16:45) Would we make different uni decisions with better money knowledge? (18:00) What if higher education was actually affordable? (22:05) How the 20% HELP debt wipe will actually workCheck out the free resources from Inovayt here.Send us an email: [email protected] Numbers Game is brought to you by Future Advisory & Inovayt.Hosts:Nick ReillyJason RobinsonMartin VidakovicThis podcast is produced by VIDPOD. Check out our new website thenumbersgamepodcast.com.au. Browse the full show catalogue, jump straight to specific moments on the topics you love, or leave us a voice note. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.