alt Hacker NewsEngland has a reasonably fair system where tuition fees are fixed and the loan functions more of like an additional tax only for university graduates (i.e. min income limit, low interest, etc.)
England has a reasonably fair system where tuition fees are fixed and the loan functions more of like an additional tax only for university graduates (i.e. min income limit, low interest, etc.)
At least a decade ago the system was anything but fair. The income threshold for repayment was low, while the interest rate was very high. At that point, the expectation was that those who got an average job after graduation would pay an extra 10% income tax for 30 years, after which the debt would be forgiven. Those with good jobs would pay off the debt quickly enough, and they would pay much less overall for their education.