Student loans are loans offered to students to assist in payment of the costs of professional education. These loans usually carry lower interests than other loans, and are usually issued by the government.
Australia
In Australia, students can pay for university courses using the Higher Education Contribution Scheme (HECS). The selection criterion for HECS is based on the rank achieved in the secondary school final examination. HECS fees are government-subsidised, and are substantially cheaper than full-fee paying places which have lower entry requirements.
Courses are ranked into three bands, with a year's tuition costing around $4000-$6000 AUD. Students have the option of deferring the HECS fee until they start earning above a certain threshold, whereupon they will repay the government through the tax system; the amount owed is indexed to inflation. Alternatively, students can pay upfront at the beginning of the semester; this option provides a 25% discount (2004).
Canada Student Loan Nightmares - A website dedicated to the problems of repaying student loans. Participants are encouraged to share their stories.
Meta Description: [ A website dedicated to the problems of repaying student loans. ]
CanadaStudentDebt.ca - A site to help people having difficulty with student loan debt, run by people in the same predicament. Includes discussion forums, links to information, tips on dealing with banks and HRDC, bankruptcy information and other resources.
Meta Description: [ A site to help people having difficulty with Canadastudentloans ]
Canadian Federation of Students - Student group deals largely with issues concerning student loans and student debt. Site has a number of resources relating to the issue.
ScholarshipsCanada.com - Information about loan, grant and financing options.
Meta Description: [ Government student loans are awarded based on demonstrated financial need and you must meet the criteria in order to qualify for assistance to fund your post-secondary studies ]
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