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We have that in Uruguay, and it's no fun (I agree that getting into debt sucks as well). State/national University here used to be 100% free, but now every gra
by GFischer 9y ago
We have that in Uruguay, and it's no fun (I agree that getting into debt sucks as well).
State/national University here used to be 100% free, but now every graduate has to pay, starting 5 years after graduation, until they turn 65, if they make over U$ 1000 - irrespective of whether their employment has anything to do with their career.
So, a 25 year old graduate gets to pay for the next 35 years. Unlike student debt, you never pay it back, and the cost is also adjusted upwards every year - ostensibly according to inflation, but might be higher.
Students that elected to pay their tuition in a private university don't have to pay.
In a way it's more fair because impoverished people have a chance to do a degree, and they even get a scholarship that includes money for living expenses and textbooks, but OTOH most of the graduates don't earn much above U$ 1000 and they have to pay 5 to 8% of their salary for all their working lives - I'm not sure if that's a good deal.