LogFAQs > #969245803

Australia has a good system

1) government pays all tuition up front to the university and hands the student a HECS debt
2) the hecs debt is equal to whatever the tuition is, no interest ever, but it is slightly increased annually due to inflation
3) no due date on the hecs debt. No mandatory payments until you have a job paying above a certain threshold. If your income drops below the threshold for any reason your mandatory payments are paused
4) the mandatory payments are fuck all, but you can optionally pay extra to try and get rid of the debt quicker
5) if you never get a job paying above the threshold, you never need to make a payment
6) payments are automatic so you never need to think about it

this is about the best it can be done IMO, short of just making it free and accounting for the costs via tax same as other services. No predatory loan sharks, repayments are never significantly more than what the tuition actually was, theres no stress of making payments when you are not financially comfortable to do so