Introducing a graduate loan scheme based on income will be discussed at a Dail committee later.
It's seen as one of the cheapest options to fund third level education into the future as student numbers are expected to increase by 30% by 2030.
According to the Irish Times, the plan is one of a number of options contained in a government commissioned report on paying for university education.
College graduates could expect to pay a monthly fee of up to €160 until they reach 33 years of age.
Unlike regular loans, these would be linked to income with students only having to pay them back when they start earning a certain salary.
The report acknowledges that it might be difficult to get repayments from students who emigrate with 10% unlike to repay.
The findings of the report are due to be presented to an Oireachtas committee today.