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How much will a uni degree cost?

Posted 27 May 2014 by Paul Kniest (NTEU National Office)

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.

Fact Sheet
(949 KB) - PDF

How much will a uni degree cost? UPDATE

Note: Table 1 of this document has been updated to reflect the fact that the 20% contribution toward universities are required to make toward Commonwealth scholarships only applies to any fee increase above that necessary to compensate for government cuts

Comments

  1. Kriz said on 8:44 Sunday 1 Jun, 2014

    [ -2 ] Hockey's student protesting over a couple of hundred bucks in the eighties says it all really

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  2. BG said on 9:45 Thursday 29 May, 2014

    [ +10 ] Hi, I can't find where the report is?

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  3. R said on 20:45 Wednesday 28 May, 2014

    [ -2 ] Where the hell is the download of this analysis? I can't find it anywhere!

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  4. Terri Mylett said on 19:02 Tuesday 27 May, 2014

    [ +2 ] We have quite a solid number of students who return for postgraduate course work study to kick along their careers and/or support a change in direction. I think these programs have a lot of merit in purely an educational sense. Unfortunately, they are already quite expensive and some potential students are put off by the fees. I wonder if the greater debt load from UG study idnetified in this analysis will reduce the numbers enrolled in PG? Perhpas PG will be increasingly restricted to those with funding from their employers. (There is a gender dimension to that, from my observation.)

    Thanks to Paul for getting the numbers out there; it is good to see this report quoted in the Sydney Morning Herald.

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  5. Stephen Young said on 11:38 Tuesday 27 May, 2014

    [ +9 ] extremely well written and informative report but unfortunately also very scary!!

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