Universities on brink of ground zero

Original article by Geoff Chambers, Tim Dodd
The Australian – Page: 1 & 2 : 3-Jun-20

The University of Sydney’s vice-chancellor Michael Spence has warned that the higher education sector’s loss of fee revenue from international students will jeopardise its future research capabilities. Australian National University vice-chancellor Brian Schmidt has expressed similar concerns, noting the economic benefits of university-based research. The nation’s universities are lobbying the federal government for increased funding to offset the loss of revenue due to the pandemic, but Education Minister Dan Tehan says their focus should shift to local students and online learning. Some universities have already laid off employees.

CORPORATES
UNIVERSITY OF SYDNEY, AUSTRALIAN NATIONAL UNIVERSITY, AUSTRALIA. DEPT OF EDUCATION AND TRAINING

Uni funding: job success gets more weight

Original article by Robert Bolton
The Australian Financial Review – Page: 3 : 2-Oct-19

Education Minister Dan Tehan has advised that the federal government will give more weighting to graduate employment outcomes when allocating additional money to the nation’s universities under a new performance-based funding model. The increased focus on ensuring that university graduates are equipped with the skills to obtain employment quickly follows the government’s move to provide an extra $80m in performance-based funding in 2020. Meanwhile, the Australian Learning Lecture Project has questions the relevance of ATAR entry scores for admission to university courses.

CORPORATES
AUSTRALIA. DEPT OF EDUCATION AND TRAINING, AUSTRALIAN LEARNING LECTURE PROJECT, UNIVERSITY OF WOLLONGONG, VICTORIA UNIVERSITY, SWINBURNE UNIVERSITY OF TECHNOLOGY

University outrage at research cash cut

Original article by Michael Koziol
The Age – Page: 1 : 13-Nov-18

Australia’s leading universities have criticised the federal government’s plans to redirect $134m from the Research Support Program to provide increased funding for regional universities. University of Sydney vice-chancellor Michael Spence says universities will have to reduce their research activities while many students will miss out places at the nation’s top universities. Monash University’s vice-chancellor Margaret Gardner has described the funding cuts as "unnecessary" and "reckless".

CORPORATES
UNIVERSITY OF SYDNEY, MONASH UNIVERSITY, THE GROUP OF EIGHT LIMITED, AUSTRALIAN NATIONAL UNIVERSITY, AUSTRALIA. DEPT OF EDUCATION AND TRAINING, JAMES COOK UNIVERSITY, UNIVERSITY OF THE SUNSHINE COAST, CENTRAL QUEENSLAND UNIVERSITY

Stronger economy to cut size of deficit

Original article by David Uren, Joe Kelly, John Ross
The Australian – Page: 2 : 15-Dec-17

The Federal Government’s May 2017 Budget had forecast a total deficit of $A46bn over four years. However, Westpac economists Bill Evans and Andrew Hanlan expect the mid-year budget update to revise this down to $A40bn. Westpac also forecasts a deficit of $A1.5bn in 2019-20, followed by a modest surplus in 2020-21. Meanwhile, Prime Minister Malcolm Turnbull has signalled that higher education funding will not be reduced in the budget update, although he has flagged new savings measures after the government’s proposed university funding cuts were rejected by the Senate.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, WESTPAC BANKING CORPORATION – ASX WBC, THE GROUP OF EIGHT LIMITED, GRATTAN INSTITUTE

Coalition out for big uni savings

Original article by Tim Dodd
The Australian Financial Review – Page: 5 : 1-May-17

Education Minister Simon Birmingham will reveal changes to the Federal Government’s policy on higher education on 1 May 2017. The changes, which are understood to include a tightening of the HELP loan system and a moderate increase in student fees, are expected to result in savings of around $A1 billion a year. Birmingham will then have the tough job of trying to persuade the Senate to pass the changes.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, ONE NATION PARTY, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Students face higher ed budget cuts

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 6 : 19-Apr-17

The Australian Government’s May 2017 Budget could include new measures that target university students and graduates. Stalled measures in the 2014 Budget are tipped to be abandoned, prompting speculation that the Government will seek to offset the failed $A7bn worth of spending cuts. These could potentially include an increase in students’ fees and a reduction in the income threshold for the repayment of HECS-HELP debts. At present, graduates must begin repaying their student debt when their annual income reaches $A54,869.

CORPORATES
AUSTRALIA. DEPT OF EDUCATION AND TRAINING

$6bn vocational loan fiasco ends

Original article by Julie Hare, Kylar Loussikian
The Australian – Page: 2 : 5-Oct-16

The Federal Government will introduce a new student loans scheme, amid revelations that the cost of the VET FEE-HELP scheme has blown out to $A6bn since it was launched in 2012. The scheme was exploited by many private vocational education providers, with many charging exorbitant fees for courses that had little prospect of leading to employment. The new Vocational Education and Training Students Loans scheme will impose stricter eligibility criteria for courses, while student loans will be capped.

CORPORATES
AUSTRALIA. DEPT OF EDUCATION AND TRAINING, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, CORNERSTONE INVESTMENTS

Unis need big shakeup: Labor elder

Original article by Tim Dodd
The Australian Financial Review – Page: 1 & 8 : 26-Sep-16

Former federal education minister John Dawkins says his 1987 higher education reforms are no longer relevant and the sector needs a new reform process. Amongst other things, Dawkins has proposed the deregulation of fees, arguing that universities should not have to charge the same fees for courses that are not comparable. He has also urged greater competition in the sector and urged the Australian Labor Party to co-operate with the Coalition on higher education reform.

CORPORATES
AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, THE GROUP OF EIGHT LIMITED, AUSTRALIA. DEPT OF EDUCATION AND TRAINING

Australia’s rich and powerful need to back universities

Original article by Harold Mitchell
The Age – Page: Online : 23-Sep-16

Harvard University has an impressive track record in terms of producing Nobel Laureates, Pulitzer Prize winners and heads of state. The Harvard Endowment Fund, which now boasts more than $36bn, has been a major contributor to the venerable institution’s success. While Australian universities continue to attract endowments from private individuals, they must be more active in this area of fund-raising, while the government also has a role to play.

CORPORATES
HARVARD UNIVERSITY

International student numbers soaring again

Original article by John Ross
The Australian – Page: 21 : 22-Sep-16

International students are again showing strong interest in Australian education, with enrolments rising 11 per cent in the first seven months of 2016. Vocational education and English language courses are particularly popular. Federal Education Minister Simon Birmingham expects even stronger growth to be stimulated by the National Strategy for International Education.

CORPORATES
AUSTRALIA. DEPT OF EDUCATION AND TRAINING, VOCATION LIMITED – ASX VET, AUSTRALIAN CAREERS NETWORK LIMITED – ASX ACO, ASHLEY SERVICES GROUP LIMITED – ASX ASH, UNIVERSITY OF NEW SOUTH WALES, INTERNATIONAL EDUCATION ASSOCIATION OF AUSTRALIA