Repayment rate increase with income? Yes No No Yes No Prepayment discount? 5% No No No No Loan forgiveness? No No After 30 years After 15 years After 20 years a Eligibility for both RAP in Canada and PAYE in the USA requires financial hardship. b In Australia, debt levels increase with...
Debt is indexed to CPI, which implies a 0% real interest rate, and any outstanding loan is written off upon death. In New Zealand on the other hand, the repayment threshold is very low at NZ$19,448 (£10,000 at the time of writing), and students are required to repay 12% of ...