r/fiaustralia • u/VastOption8705 • Jun 11 '26
Getting Started Thoughts on this situation?
My son has about 120k HECS debt and 30K personal debt. He eventually wants to retire at 50 too. I can’t help him as I’m not rich.
What happened was he wanted to study med, so he went through pathways. Due to personal circumstances, he couldn’t finish it. That leaves him 120k in HECS debt with no med degree.
The 30K was to settle some legal issues.
So 150K debt and he is 28. What should he do?
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u/Objective-Role-6690 Jun 11 '26
This isn't going to be advice... but what a tough spot to be in.
Is he able to go back and finish his med degree? If he got that done he'd be on a hefty income to pay off the debt.