One of the massive fears that young people speak of is not justified. That is the fear of debt. The coalition has been unable to communicate to the electorate that the individual student debt they are saddling young graduates with is fairly abstract. No one will come knocking at the door looking for their money. The debt will be written off in 30 years if it is not paid. In that respect the loan scheme is materially no different to a graduate tax, as long as a person is Zen enough to be able to cast guilty thoughts of huge sums owing from their minds.