According to the findings, 52% of 1,000 millennials ages 33 to 40 surveyed say their loans weren't worth it

Two-Thirds of Older Millennials Are Still Paying Off Student Debt After 10 Years

https://www.gobankingrates.com/loans/student/over-two-thirds-of-older-millennials-are-still-paying-off-student-debt-after-10-years-more-than-half-say-it-wasnt-worth-it/

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Bushranger · 70-79, M

Over here, the repayments are a percentage of your income. The maximum rate is 10% on an income of $136,740 or more. Below $46,620 there's no repayment.

How does this compare with the US system?

LoveTriumphsOverHate · 36-40, M

@Bushranger Similar. Payments are based on income. The government allows individuals who meet the income threshold to defer payments but the interest continues. So, if an individual has a low income, payments are 0, but the loan doesn't go away. The interest açcumulates.

Bushranger · 70-79, M

@LoveTriumphsOverHate We don't have to pay interest, but the loan is indexed with the cost of living. Last year it was 1.8%. The highest listed was 2.9% in 2012 (https://www.ato.gov.au/Rates/Study-and-training-loan-indexation-rates/).

The debt doesn't go away, but at least there's no interest.