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The Australian system is similar to the New Zealand system mentioned by Avelaps. The overwhelming majority of Universities are government operated and are subs
by timv 10y ago
The Australian system is similar to the New Zealand system mentioned by Avelaps.
The overwhelming majority of Universities are government operated and are subsidised. There is a fee, that can be paid upfront or be deferred to be paid through the tax system after you graduate.
In effect it's cheap(er) education with a loan system that:
- Is interest free, but indexed at CPI
- Does not survive death (i.e. your debt disappears when you die)
- Is only repayable once you reach a specified level of income.