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Australia has the best of all of this already to study at any Australian University! - Depending on your social-economic background, The government pays you a
by Humphrey 9y ago
Australia has the best of all of this already to study at any Australian University!
- Depending on your social-economic background, The government pays you a cost-of-living income [1],
- pays your university fees [2] which are tiny compared to US fees,
- and you repay back 4%/year once your have an income > than approx A$55,000.
17% looks very painful in comparison!
Of cause, you need to be an Australian, so it probably doesn't help most of you!
[1] Depending on your Probably actually less than cost of living, so most students also work a day or more a week while studying.
[2] They cover the university fees -- You still need to pay for books, and other similar expenses up front.
- usegolang 9y ago4% a year for how long and what's the cap? What if you never get a job? Any other restrictions? Ps - forgive my shortness I'm on mobile.
- justonepost 9y agoYesh, how many years?? Two years is nothing.
- notoriousjpg 9y ago4% until you pay it off. The "interest" on your loan is pegged at inflation. If you never get a job you never pay it back. This is actually a problem for the gov, where older students study but never find a job in their field. Great scheme overall though.