Colleges propose student loans instead of new fees

“A radical plan for a ‘deferred loans’ scheme for thousands of students has been drawn up by university heads, the Irish Independent can reveal. Under the plan, students would start to pay back the ‘loan’ within a few years of graduation, after they have reached a certain salary level. It will be put to Education Minister Batt O’Keeffe as an alternative to the straightforward return of tuition fees when university chiefs meet him tomorrow. The ‘income contingent loan’ would pay for part of undergraduate third-level education which, at the moment, is paid entirely by the State. Students would have the option of either availing of the ‘deferred loan’ or else paying what would be known as ‘top-up’ fees up-front when they enter college …” (more)

[John Walshe, Independent, 23 September]

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