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Sat 07 Jul 2009College loan plan would cost students minimum of €21,000

COLLEGE GRADUATES would have to repay a debt of at least €21,000 under the proposed loan scheme being considered by Government, according to a confidential report prepared for the Cabinet.

While the 110-page report lists five possible options for a new system of student contributions, the Minister has signalled his support for an Australian-style student loan scheme.