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In the UK, student loans are not dischargeable via bankruptcy. But repayment is income based (9% of income), and is only due at all for people who are earning above a certain income (currently ~£21k). This seems like a decent way of dealing with this issue.

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Same is true in the US.

So, after the 6 months of "grace period", does only students with and a minimum wage get to pay it? I thought you just had to start paying after 6 months.

If you enroll in income based repayment, you pay 10% of discretionary income for 20 years. I'm not sure how "discretionary income" is calculated but its probably similar to the UK threshold

[0] https://studentaid.ed.gov/sa/repay-loans/understand/plans/in...

Don’t forget that any remaining balance that is forgiven at the end gets counted as income on your taxes.

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