How deferred payments would work

Students will have to pay 30% of the cost of their third-level education under FG proposals.

Under the scheme graduates would pay their fees retrospectively in instalments when they get a job through the PRSI system.

In its policy document The Third Way, the party offers examples of how students would be charged:

• Joe has completed an Arts degree in three years. The accumulated cost of his degree programme was €38,000. His graduate contribution will amount to €11,400.
• Aisling has completed a Science degree. The accumulated cost of her four-year degree was €54,460. Her 30% contribution amounts to €16,338.
• Diarmuid has completed an Engineering degree. The accumulated cost of his four-year degree was €56,988. His 30% contribution amounts to €17,096.

Irish Independent