[manicdee]

The Australian Prudential Regulation Authority has made it a condition of approving loans that the minimum scheduled payments end up paying off the loan in the indicated timeframe, and this applies to loans for real estate which is supposed to be a source of income.

Perhaps it is time to apply the same kinds of rules to loans for education, along with increasing the minimum income at which repayments are required to be made, and the maximum proportion of total income that the repayments are allowed to be.

In addition, require that student loans must be not-for-profit.

Perhaps even consider nationalising the student loan system and having repayments taken out of incomes at fixed low rates, so the incentive is for the state to improve wages?