Here in Australia, the Federal Government will cover the costs of your Tertiary Education (namely, Uni fees) under a scheme known as 'Commonwealth Supported Pla

Here in Australia, the Federal Government will cover the costs of your Tertiary Education (namely, Uni fees) under a scheme known as 'Commonwealth Supported Places' for most Tertiary Education places that have applied to be a part of it. Universities usually charge in the neighbourhood of $800-1900 per subject, however many students simply put on HELP/HECS debt (and will pay it back later. Much later.) You pay it back before when you start earning above a certain threshold, you must start paying it back, along with tax. Currently, that threshold is $44K per year and above. Similar to the UK, you pay a base rate + the consumer price index (read: inflation) for that financial year. There is NO interest rate (as such) whatsoever. As part of the tax system, you have to declare to your employer that you have CSP/HELP/HECS debt and they usually take this into account when its payday. You are then paid your gross amount -tax -CSP/HELP/HECS debt. There are plenty of people who can take north of 20-25 years to pay off a full, 3-year degree of their choice. If anyone is interested: http://studyassist.gov.au/sites/studyassist/helppayingmyfees/hecs-help/pages/hecs-help-welcome http://studyassist.gov.au/sites/studyassist/helppayingmyfees... http://en.wikipedia.org/wiki/Tertiary_education_fees_in_Australia http://en.wikipedia.org/wiki/Tertiary_education_fees_in_Aust...