The Evaluation and Enlightenment of Student Loan Policy for Higher Education in Australia

In order to further improve the policy of student loan and accelerate the healthy development of higher education in China, this work proposes some feasible suggestions to perfect the policy of student loan for higher education in China. A thorough comprehension of Australian student loan policy for higher education and a comparison of student loan policy in various aspects between Australian and China are presented in this study to achieve the aim. In doing this, the conclusions that Australia is famous for its relatively impeccable student loan policy such as a wide range of student loans, clear application scope of loans, flexible and reasonable repayment methods, and progressive repayment amount according to the proportion of income are discovered, which is thought to be referential experience for China. In the final, some advice for higher education student loan in China is proposed from the following aspects: refining the types of loans, accurately determining the upper limit, improving the repayment mechanism, strengthening the loan funding, and enhancing the policy orientation. Keywords—student loan; development history; policy measures; comparative analysis