After 4 years a graduate has earned nothing and owes £50000.
And the pay isn't bad, either, she said, noting that new graduates with no experience earn nearly $40,000.
For graduates earning below £21,000, there will be no real rate of interest applied to their loan.
The graduates of the community college programs then earn admission to the senior colleges.
Graduates earn both degrees concurrently after three to four years of study.
Graduates of the school earn both an artistic and academic diploma.
In 2003, the government calculated that graduates earned an average £400,000 more during their working lives than non-graduates.
The 115 graduates in the Class of 2012 earned $9,600,000 in scholarships.
Graduates of private career colleges earn a diploma or a certificate.
After 20 years a nurse might be earning $30,000, which is not much compared with what a new graduate earns.