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This is the entire point - people see this as a strict increase in out-of-pocket costs for people. It's a reduction of subsidies, to maximise the government's
by deecewan 6y ago
This is the entire point - people see this as a strict increase in out-of-pocket costs for people.
It's a reduction of subsidies, to maximise the government's ROI.
Plus, you still get a tax-free (although indexed) loan. If you want to do arts and/or humanities, you definitely can. Your loan, which you don't pay a cent of until a certain salary, and then only a percentage of your salary after that, will just be larger.
- dragonwriter 6y ago> It's a reduction of subsidies, to maximise the government's ROI. Except, weirdly, the reduction in subsidy is less than the increase in fees, so institutions will get more money (fees + subsidy) for the not-job-ready degrees, while getting less for the job-ready degrees. Which makes no sense at all.