Josh Chia

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• June 20, 2010, on Tuition-free MIT:

  I think it is worthwhile to share how tuition fees/debt works in Australia for all universities (government debt scheme). Undergrads don't have to pay any tuition fees until they start working/earning above a certain threshold. A small percentage of their pay is then automatically taken out to reduce their tuition debt. Of course there is interest on your debt to account for inflation but incentives are provided for voluntarily repaying your debt early. The catch is you have to be working in Australia... So you if you never actual work/have taxable income in Australia, you never have to pay your debt. Of course this only applies to citizens, international students don't get this benefit. But keep in mind that this is only about how tuition debt is handled, not including scholarships schemes and social security. I use to receive AUD100 p/wk allowance from the government for being a student from a low income family. Yet with all this support, almost all undergrads in Australia s...