$100,00 degrees are no fantasy

By Jeannie Rea. When the NTEU was giving evidence to the Senate Inquiry into the Higher Education and Research Reform Amendment (HERRA) Bill on 8 October 2014, the chair, National Party Senator for Victoria, Bridget McKenzie accused the Union of scaremongering because we were saying that some degrees will cost $100,000 if the Bill goes through. However, our modelling, along with that of others, does indeed show this to be the case with the increased tuition fees alone, but once the market interest rate is included the total costs nudge towards and beyond $100,000. More...