As an Australian currently paying off his education, this isn't accurate. Firstly, there's no time limit. You need to pay back all of it. Secondly, it's not a

As an Australian currently paying off his education, this isn't accurate. Firstly, there's no time limit. You need to pay back all of it. Secondly, it's not a 50% tax rate. It's a additional % (4-8 %) on top of your normal tax rate, depending on how much you earn. There's also a threshold, so if you earn less than about $54k, you don't pay it back. At least, not that year. Edit: Although I do agree with you: The answer is in Australia :)