The annual payment on my Swedish student loans is calculated from my income (it's 4 or 5%) and when I hit 65, the debt is forgiven. They still accumulate interest though, so it's not until last year, 12 years later (but on grad student/postdoc salary) that I've started paying off even the interest.
Apparently the government realized they will be stuck with a huge hit around 2035, because they have since changed the terms of student financing to constitute a larger fraction straight grants, but if you do take out loans, the terms are much more strict.
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The annual payment on my Swedish student loans is calculated from my income (it's 4 or 5%) and when I hit 65, the debt is forgiven. They still accumulate interest though, so it's not until last year, 12 years later (but on grad student/postdoc salary) that I've started paying off even the interest.
Apparently the government realized they will be stuck with a huge hit around 2035, because they have since changed the terms of student financing to constitute a larger fraction straight grants, but if you do take out loans, the terms are much more strict.
In Australia the repayment is 4-7% of income (going up as income increases). Interest is charged at CPI.
I think it's honestly a pretty good system.