this post was submitted on 26 May 2024
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[โ€“] dan@upvote.au 89 points 5 months ago* (last edited 5 months ago) (13 children)

This is pretty specific to millenials in the USA...

In Australia for citizens, the government subsidises around 75-80% of the cost of university, loans are through the government and are interest-free (just indexed for inflation once per year), and payments are based on income - no payment required at all if you're earning less than AU$51k/year, and payment rates vary between 1% of your income at $51k/year to 10% of income for $151k/year or higher.

[โ€“] DessertStorms@kbin.social 7 points 5 months ago (1 children)

This is pretty specific to millenials in the USA

UK too at the very least, though I'm sure there are other places this applies, too (yes, uni used to be free here, but the cost has been steadily increasing, as has the necessity of a student loan to attend).

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