Each citizen student gets 70k AUD lifetime loan. You get like 20k more if you choose to go into medicine as a graduate. Once you're tapped out that's all you get, too bad.
No stupid levels, no income requirements, no skin color requirements.
It's a low interest loan pegged to inflation. Repayment is handled through their tax bureau, and all income you make over 45k AUD is taxed at an additional rate of 5% that goes towards the loan.
There is no forgiveness, no forgetting, none of that. It's a simple and effective system.
Australia has a decent system here.
Each citizen student gets 70k AUD lifetime loan. You get like 20k more if you choose to go into medicine as a graduate. Once you're tapped out that's all you get, too bad.
No stupid levels, no income requirements, no skin color requirements.
It's a low interest loan pegged to inflation. Repayment is handled through their tax bureau, and all income you make over 45k AUD is taxed at an additional rate of 5% that goes towards the loan.
There is no forgiveness, no forgetting, none of that. It's a simple and effective system.