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Income-based tuition loan a kind of social insurance

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Bruce Chapman / Prof. at the Australian National University

As a measure to ease the financial burdens of higher education, such as university fees, the Liberal Democratic Party has begun studying an income-contingent loan (ICL) scheme to allow tuition fees to be paid after students start earning sufficient income. The Yomiuri Shimbun asked Prof. Bruce Chapman, an economist at the Australian National University who invented the scheme and assisted in its introduction in Australia — the first of its kind in the world — what he thinks about........

© The Japan News