DesiPundit

Essentially, in the Australian model, every student who is eligible for college gets to go to college with the help of a loan from the government. The repayment of this loan is through an interesting tax mechanism: when the student enters the workforce, he/she pays taxes at a higher tax rate (say, 32 percent instead of 30 percent) until the loan is repaid. Prepayment is possible at a premium. More importantly, this additional tax kicks in only when the income exceeds a certain minimum which, I believe, is the median income in that country.

Drawing from the Australian example, Abi advocates a middle path to reform education in India. Interesting post.