How exactly do student loans work over there?
I have read that in the US, some attract interest etc. Seems pretty unfair :S
Here in Aus, you can rack up a "HELP" debt to pay your tuition fees and other stuff related to uni (and some TAFE/college courses). This is indexed annually for inflation, but has no interest as it's a loan from the government. You can make voluntary payments on it at any time, and after you earn over a certain amount once you enter the full-time workforce ($40,000 a year, or thereabouts), payments are taken out automatically.
My HELP debt is going to be between $35,000 and $40,000 by the time I finish my 4-year course.
We also (if eligible) get a small amount of money called Youth Allowance or Austudy, to help with the cost of living. This is a welfare payment available to most students, and though it's pretty small compared to minimum wage, it's a big help. Really glad we don't have to take out loans just to live on like they do in some countries. I supplement mine with work, too.
It seems silly to put people in such large debt. I mean, surely the best thing for a country is to have educated professionals, rather than punish people for learning.