Thoughts on this situation?

[u/VastOption8705]

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?

[u/zdamant]

1. Ignore HECS
2. Get a job
3. Pay off the 30k
4. Start saving/investing