By Sarah Maclean and Tim Evans Read moreA new generation of graduates is finding that the best way to make the most of their financial opportunities is by putting money aside for the long-term.
It’s a model that is gaining traction across the financial services industry, from asset management and venture capital firms to retail giants such as Woolworths and ASX200 listed companies.
A new cohort of graduates has found it much easier to do so in the past decade.
They have been taking advantage of the government’s recent introduction of the Student Loan Consolidation Scheme, which will allow them to consolidate their loans and help them reduce their debts.
They are also making the most out of their opportunities to earn and build wealth, particularly through their investments in local businesses.
There is evidence that young people who are not making money on their first job may have already invested their savings in local assets, such as businesses, or have secured loans from a business partner, such a bank or a credit union.
The Student Loan Scheme allows people to consolidate loans from previous years to allow them more time to get on with their education and careers.
Students are also putting away more and more money for their own education.
The scheme offers borrowers the chance to borrow up to $26,500 in the first three years, up from the current maximum of $16,000.
The scheme has been rolled out across Australia by universities, community colleges and private providers.
Aboriginal and Torres Strait Islander students who have received loans in the previous three years will be able to borrow $7,500 for the first four years, with the possibility of increasing the amount up to up to another $6,000 over a 12-month period.
Students from poorer families, students with a higher GCE score, students who are Indigenous or of Asian descent, and those who have been in work for at least four years will also be eligible to borrow.
Some students will have to choose between the government loan consolidation scheme and a traditional savings vehicle.
They will have a choice between the two options:The Traditional Savings Vehicle (TSV), which is a traditional bank loan, is a flexible, loan-only account which is available to borrowers with no credit history.
The Traditional Savings Account (TSA), which has a traditional variable rate rate, is an option for borrowers who have significant debt or a high level of income.
Both options are available to anyone who can afford them, regardless of their level of education.
However, those who choose the Traditional Savings Option will be expected to repay their loans with interest.
There are other options available to students, such an APT loan.
An APT is a loan-based repayment plan that allows borrowers to earn interest from their income tax, capital gains and GST payments.
The APT offers an option to pay back their loans in an interest-free repayment period.APTs have been available for students since the scheme began.
They are available for borrowers to borrow between $4,000 and $5,000 for the initial three years.
They then come into the range of interest rates of $10,000, $12,000 or $13,000 a year for the next three years depending on their income and family situation.
The TSB is also a Traditional Savings vehicle which offers a range of variable interest rates.
Students can borrow between between $2,000 to $4.5 million for the three-year period.
Students are able to choose to repay this loan with interest free over a variable period.
The Government will also introduce a new option for students who do not qualify for a Traditional savings vehicle, called a Family Account.
This new account will allow students to access savings, including the APT and TSB, in a traditional account.
In addition, the Government has also introduced the Financial Planning Account, which is aimed at students who may not be able or willing to access traditional savings accounts.
It offers a variable interest rate and a range.
Students who can access a Traditional account may also be able access an Investment Account, where they can invest up to an initial $2.5m.
For those who are in a lower income bracket and are struggling to access a traditional interest rate account, the Federal Government will support their financial goals by providing a range in a savings account of up to AUD$3,000 per person.
For more information, see the Government’s Student Loan scheme website.
The government is also expanding the options for students to get started on their own by providing an option that is available for those who want to start with a small business.
The Business and Enterprise Planner can provide students with an option which allows them to start a small company for up to a maximum of 10 employees.
This means that if a student is applying for a Business and enterprise business loan, they will not have to pay interest on the loan for the life of the business.
The new business and enterprise planner is also