Graduate Winners

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Do Tertiary Subsidies affect Tertiary Accessibility?

Earlier this year the Grattan Institute published Graduate Winners, a report which suggested that government subsidies for tertiary education should be cut, given the already strong incentives to pursue higher education, and the low net public benefits that students of certain disciplines accord to society.

To paraphrase, the private benefits that a person gains from attending university, for example, their future income as compared to someone without tertiary qualifications, is large enough to motivate higher education, even if today’s government subsidies were cut. Therefore students should pay more for their tertiary studies. Government subsidies for higher education therefore seem somewhat redundant when an ample incentive already exists for students to undertake further study.

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Graduate Winners

By Andrew Norton

Who should pay for higher education? It’s a question that inflames passions, as I was reminded following the release of my new Grattan Institute report, Graduate Winners: Assessing the public and private benefits of higher education. It was denounced by vice-chancellors, student groups, the university staff union, and assorted tweets.

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