barring recent changes -- the system in Australia worked quite well. For government subsidized university places (read - most places for Australian students) -

barring recent changes -- the system in Australia worked quite well. For government subsidized university places (read - most places for Australian students) - tuition amounts were capped at specific levels. These could be deferred by All students on a loan - that charges CPI (Inflation) as it's interest rate. Repayment kicks in once the student earns a certain level - and goes up as a % depending on their income.