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====University Deregulation==== |
====University & TAFE Deregulation==== |
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The Abbott government announced in the [[2014 Australian federal budget|budget]] it will deregulation of [[university|universities]] and [[Technical and further education|TAFEs]]. Furthermore the amount of public funding for university courses will be slashed by 20% and expose students to big increases in their [[HECS|student debts]] with the removal of all caps on the fees universities can charge. Student debts will be compounded at the [[Government bond|10 year bond rate]] with a cap at 6% (it has historically is typically above 6%) instead of the [[Consumer Price Index]]. <ref>Daniel Hurst, [http://www.theguardian.com/world/2014/may/13/budget-university-students-to-pay-more-with-removal-of-caps-on-fees Budget: university students to pay more with removal of caps on fees], Tuesday 13 May 2014 20.50 AEST</ref> |
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Total higher education funding the government projects will by 2017-18 be $9.5 billion. While this is a [[Real versus nominal value|nominal]] increase of $750 million compared with 2012-13; analysis by ''Guardian Australia'' shows it represents a cut of about $1.5 billion in [[Real versus nominal value|real]] terms when [[population growth]] and [[Consumer price index|inflation]] are taken into account.<ref>Daniel Hurst, [http://www.theguardian.com/world/2014/may/13/budget-university-students-to-pay-more-with-removal-of-caps-on-fees Budget: university students to pay more with removal of caps on fees], Tuesday 13 May 2014 20.50 AEST</ref> |
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The government then claimed that removing the upper limit on university fees will cause fees to decrease.<ref>[http://www.abc.net.au/news/2014-06-01/christopher-pyne-says-university-deregulation-force-fees-down/5492218 Christopher Pyne says universities will not get away with exorbitant fee hikes], ABC News, Sunday 1 June 2014, 11:30pm AEST</ref> This contradicts the designer of the [[HECS]] system, Professor Bruce Chapman, who has warned student debts will triple.<ref>Matthew Knott & Heath Gilmore, [http://www.smh.com.au/federal-politics/political-news/graduates-could-pay-up-to-120000-in-debt-hecs-architect-warns-20140514-zrctv.html#ixzz35dQJo26S Graduates could pay up to $120,000 in debt, HECS architect warns], Sydney Morning Herald, 14 May 2014</ref> |
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Revision as of 11:33, 29 June 2014
University & TAFE Deregulation
The Abbott government announced in the budget it will deregulation of universities and TAFEs. Furthermore the amount of public funding for university courses will be slashed by 20% and expose students to big increases in their student debts with the removal of all caps on the fees universities can charge. Student debts will be compounded at the 10 year bond rate with a cap at 6% (it has historically is typically above 6%) instead of the Consumer Price Index. [1] Total higher education funding the government projects will by 2017-18 be $9.5 billion. While this is a nominal increase of $750 million compared with 2012-13; analysis by Guardian Australia shows it represents a cut of about $1.5 billion in real terms when population growth and inflation are taken into account.[2] The government then claimed that removing the upper limit on university fees will cause fees to decrease.[3] This contradicts the designer of the HECS system, Professor Bruce Chapman, who has warned student debts will triple.[4]
- ^ Daniel Hurst, Budget: university students to pay more with removal of caps on fees, Tuesday 13 May 2014 20.50 AEST
- ^ Daniel Hurst, Budget: university students to pay more with removal of caps on fees, Tuesday 13 May 2014 20.50 AEST
- ^ Christopher Pyne says universities will not get away with exorbitant fee hikes, ABC News, Sunday 1 June 2014, 11:30pm AEST
- ^ Matthew Knott & Heath Gilmore, Graduates could pay up to $120,000 in debt, HECS architect warns, Sydney Morning Herald, 14 May 2014