Download: Job-Ready Graduates Package Explainer
This explainer is a brief policy explainer of what we know from the National Press Club address 19 June 2020 with Minister Dan Tehan regarding Job-ready Graduates. The biggest change that most the sector is most concerned about is the remodelling of how government subsidies will be provided per discipline band as seen below. We see that certain areas of study deemed ‘areas of national interest’ are having their student contribution lowered and not compensated by an increase in government loan. However, students studying the humanities will experience a substantial increase (+113%) to their student loans due to the withdrawl of government subsidies from their units.
|Discipline Bands:||Fee change|
|Agriculture and Maths||62% decrease|
|Teaching, nursing, clinical psychology, English and languages||42% decrease|
|Science, health, architecture, environmental science, IT and engineering||20% decrease|
|Medicine, dental, veterinary science||No change|
|Law and Commerce||28% Increase|
The long-term ramifications are still unknown i.e. university response to the reform: increasing the tuition fees of degrees, changes to course availability, etc. However, what we know is there will be significant disadvantage and inequality towards humanities students that will have to pay back student loans that will increase by up to +113%.