Uni students face 7.8pc fee increase under inflation lag

Australia News News

Uni students face 7.8pc fee increase under inflation lag
Australia Latest News,Australia Headlines
  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 90%

Rising university charges have been described as a political hot potato, but few thought they would rise by nearly 8 per cent.

, raising the cost of living while studying, and increasing the amount that students must later repay.

Mr Norton, who is with the Centre for Social Research and Methods at the Australian National University, has also pointed out that inflation will reduce the because, while both the government and student contributions are indexed to CPI, the total amount that goes to universities is fixed under universities’ funding agreements.that will include the current schedule for student contributions, a scheme known as Job Ready Graduates.

The review panel, headed by former NSW chief scientist Mary O’Kane, will probably dump the changes to student contributions introduced by the Morrison government that were meant to steer students towards study areas it deemed of economic importance.on what students study, while putting in place perverse incentives for universities to offer more places in the areas the policy was meant to steer them away from – and hammering those students with massive fee increases.

At the same time, another policy bungle reduced the average amount domestic graduates repaid on their loans each year from $4345 in 2017 to $3462, adding further pressure to the government in the form on unpaid debt.Connect with

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FinancialReview /  🏆 2. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ASX LIVE: Inflation tops expectations at 7.8pc, highest since 1990ASX LIVE: Inflation tops expectations at 7.8pc, highest since 1990Australia’s December quarter headline inflation hits a hotter than expected 7.8pc, the rate of price increases climbed 1.9pc on the prior quarter. Shares turn lower.
Read more »

How rising interest rates on agricultural loans may stop dairy farmers from going greenHow rising interest rates on agricultural loans may stop dairy farmers from going greenKate Hand is hoping to borrow money to transform the family farm into a robotic dairy, but rising interest rates may stifle her dream.
Read more »

School fees are rising – and that’s only half of itSchool fees are rising – and that’s only half of itParents be warned: school fees make up only half the annual cost of sending a child to a private school.
Read more »

Rising track star refuses to fly to Australia amid 'deep concerns' for climateA star British runner has revealed she will not fly to Australia over "deep concerns" for the climate, ruling herself out of a potentially career-making championship.
Read more »

What is happening in Alice Springs? The town in the middle of a crime waveWhat is happening in Alice Springs? The town in the middle of a crime waveAs new alcohol restrictions hit Alice Springs to combat a growing crime wave, the PM isn't ruling out going a step further by banning all liquor. Residents, business and community leaders are now demanding tougher action. mikelorigan 9News MORE:
Read more »

Wholesale power prices sink as wind, solar gainWholesale power prices sink as wind, solar gainRising wind and solar generation have brought down wholesale power prices while government intervention has cut forward prices, the energy market operator said.
Read more »



Render Time: 2025-03-11 22:28:33