O’Keeffe considering ‘payback’ fees scheme

Ireland“Parents will get a ‘substantial’ discount if they pay third-level fees in advance under plans being considered by Minister for Education Batt O’Keeffe. Education sources say the plan has the potential to generate an extra €70 million a year for higher education. Mr O’Keeffe will present his proposals on new student charges to Cabinet within the next 10 days. The central plank of his proposals is expected to be a new ‘income-contingent loan scheme’. Students will become liable for fees after graduation once their income reaches a certain level. But the Government is set to offer a substantial discount of about 20 per cent for those who pay upfront – in order to generate funds for the exchequer in the short term …” (more)

[Seán Flynn, Irish Times, 25 March]

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