I may have missed the boat (plane) on this thread, but as one of the lucky ones to get into this years cadetship with Qantas which is covered under FEE-HELP (and as I understand it this is the same way the proposed scheme will run) I can tell you that getting the FEE-HELP loan is in no ways an open door. The course I am doing costs more than the $80-odd-thousand you get as a loan from the gov, so the way I see it is those wanting to take up this option will still need to come up with a substantial amount of money off their own bat just to complete their course anyway. And although it is 'interest free' they still apply a 20% 'loan fee' so and $80K loan turns into $96K.
Either way, its a step closer for many and I'm all for it.
Good luck to all.