College graduates could face loan repayments of around 25 euro a week over 15 years as part of major reforms to the third-level funding system.
A draft report, seen by the Irish Times, recommends the introduction of a new income dependent loan system, higher maintenance grants for students from low income families and more contributions from the State and employers.
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Graduates would begin to pay back tuition fees once their income reaches a maximum level.
The report estimates that the scheme could yield an extra one billion euro for the third level sector.
