Look at the "Repayment" section. Essentially until you're earning money, you don't need to worry about the loan and it only goes up by the current inflation rate. Good incentive for the government to ensure there are jobs and means people don't just take the first crappy position that is thrown their way when they finish their degree.
I honestly dont think the structure at has been generated in the US will work as it stands today. There are a lot of edge cases they're not discussing, i.e. if people move to another state how do they track it? If people leave the country? I know a bunch of issues like these, that took a while to iron out in Australia that will likely take a while in the US too. I hope it doesn't get thrown away before it gets the chance to settle in.
Look at the "Repayment" section. Essentially until you're earning money, you don't need to worry about the loan and it only goes up by the current inflation rate. Good incentive for the government to ensure there are jobs and means people don't just take the first crappy position that is thrown their way when they finish their degree.