College graduates could face loan repayments of around 25 euro a week over 15 years as part of major reforms to the third-level funding system.
A draft report recommends the introduction of a new income dependent loan system, higher maintenance grants for students from low income families and more contributions from the State and employers.
Graduates would begin to pay back tuition fees once their income reaches a maximum level.
The report estimates that the scheme could yield an extra one billion euro for the third level sector.
