A very insightful piece of work – spend a few minutes to read it.
“We think it’s fair to ask the student to pay $3 extra a week to get the chance to earn a million dollars more over a lifetime than Australians without a university qualification. … Mr and Mrs Mainstreet are paying almost 60 per cent of the tuition fees of a uni student and they are also paying back the loan at the 10-year government bond rate of 3.8 per cent, whereas the student’s loan is indexed at CPI, currently 2.5 per cent,” Mr Pyne said.
Since Christopher Pyne made fairness in higher education the surprise water cooler topic in this budget, there have been strongly negative reactions to the hiking up of student debt from all over the place. The government is now campaigning hard on the idea that fee reforms are both essential and inconsequential: the impact is tiny, the freedom is vast,
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