By Paul Kniest. NTEU analysis (downlaod copy below) of the new funding and regulatory arrangements for higher education concludes that:
- a minimum average increase in university tuition fees of at least 33% just to compensate for reductions in government funding and the introduction of new student funded scholarship scheme,
- the lifting of the cap on university fees could see the tuition fees for some degrees reach or exceed $100,000 especially in degrees like medicine, law, engineering and management and commerce,
- the introduction of interest on HELP debts is highly inequitable because students from disadvantaged backgrounds will not be in a position to pay their fees upfront,
- the changes to HELP are especially unfair for students who elect to take career breaks which means there is strong bias against female graduates, and
- the size and cost of servicing students loans will be the equivalent of a second mortgage. More...