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00:00 Being two years out of school, being 20 years old and owing $30,000 is to me quite scary.
00:06 Higher education loan program, I've got around $75,000.
00:10 Like it's pretty insane the amount that's gone up.
00:13 3 million Australians will receive a 7.1% increase to their HECS debt.
00:18 Some degrees are being disproportionately loaded with bad debt.
00:22 You enrol and it's $600 and then the next year suddenly becomes $800.
00:27 It was a very expensive thing to do.
00:29 I would have done it if that cost wasn't there.
00:32 $53,532
00:35 $57,900
00:38 They introduced putting the creative industries at a higher price point than it ever had been.
00:43 I don't think people realise quite how much of an impact a $40,000 loan has on your borrowing power when you're trying to get a house.
00:52 There's no guarantee for us.
00:53 There's no guarantee.
00:54 Have I made a stupid decision? Would you consider coming to university?
01:00 If I got stable and I didn't have to worry about living situation.
01:05 Obviously the government's trying to incentivise you to study certain things and if you don't do that you get sort of financially punished.
01:11 But for those of us that have been caught in the middle of this package, it feels too little, too late.
01:16 Is it worth going to uni?
01:19 University of Waterloo