[e-dard]

This is almost exactly how it's already done in the UK, with exception that the loans are not provided by the university, but by an external loans service (The Students Loans Company).

You pay for your tuition by having x% of your salary deducted from future pay packets.

This does not “fix” anything. All it does is make the cost of education higher for those who earn less, like teachers and nurses. Why? Because they take longer to pay off their loans than Engineers, Lawyers, and those in Finance.

An let’s not even get on to the point that Universities are really there for research as well as teaching. We shouldn't be incentivising them to solely churn out future Software Engineers, etc...

[mvleming]

I'm sorry I don't think I was clear on what I meant by percentage. All the students would pay for example 5% of their salary for 4 years regardless of their salary. So it's not a lump sum and it doesn't "make the cost of education higher for those who earn less" (the opposite happens actually, those who earn more pay more).

Moreover, if universities only churned out software engineers then the supply of software engineers would be very high. This would make the demand for them lower and thus their salaries.