This paper argues that an income contingent loan (ICL) should be considered for tertiary student living costs as a supplement to existing income support policy in Australia. It is shown that income support remains insufficient despite recent improvements to policy, and that as little as $1,500...

The implications of earnings model complexity to costing income contingent loans (ICL) are investigated. Models of hourly wage are developed using the first seven waves of the Household, Income and Labour Dynamics in Australia (HILDA) Survey, starting with a simple mean fit. The residuals are...