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ERIC Number: ED538436
Record Type: Non-Journal
Publication Date: 2011-Apr
Pages: 32
Abstractor: As Provided
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Submission to the Review of Higher Education Base Funding
Group of Eight (NJ1)
The Review of Higher Education Base Funding gives Government an historic opportunity to set higher education funding on a sound footing for the future, and to commit the support needed to achieve its important quality and participation goals. There is a significant funding gap, which has led universities to neglect infrastructure and let class sizes grow. The quality of the student experience has suffered. The funding gap is likely to widen in an expanding, demand driven system, and universities will not be able to rely on increasing international fee revenue to cover rising costs. Government investment in higher education has been insufficient and should be increased, as the Bradley Review recommended in 2008. But Government will not be able to pay the whole cost of growing the system while maintaining quality. Student contributions should be partially deregulated to increase revenue, diversity and competition. Australia led the world in introducing income-contingent loans for university fees to allow students to co-invest in their education, without imposing up-front barriers to participation by the less affluent. In the coming decades, Australia will need to build on this world-leading system to ensure that higher education funding is adequate and fair, and that it effectively supports growing participation and world-class quality. Further background research and analysis are appended. (Contains 2 tables, 10 figures and 14 footnotes.)
Group of Eight Limited. Level 2, 101 Northbourne Avenue, Turner, 2612, PO Box 6229, O'Connor, 2602, ACT Australia. Tel: +61-2-6239-5488; Fax: +61-2-6239-5808; e-mail: executive.director@go8.edu.au; Web site: http://www.go8.edu.au
Publication Type: Reports - Evaluative
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Group of Eight (Australia)
Identifiers - Location: Australia