Income-contingent loans: the best intervention for education

[Collin Li]

Income-contingent loans are loans similar to the FEE-HELP system, where you don't pay anything upfront, but you pay it back as you earn money.

An interesting article talking about the FEE-HELP system:
http://www.cis.org.au/issue_analysis/IA68/IA68a.pdf

I was thinking, this still makes the consumers financially accountable for their choices, and preserves the free-market advantages, while also improving accessibility for all. If there is to be socialised medicine, it should be replaced by income-contingent loans, rather than economically harmful subsidies!

Comments please.

[brendan]

Is there an implicit subsidy in FEE-HELP loans?
http://www.cis.org.au/executive_highlights/EH2007/eh49107.html