To me, ABC News is a forerunner in providing an excellent insight into the most common news and current affairs, and in the case of education news there is no exception.
On Sunday the 14th there was an article published on the ABC’s online site titled “Educators, MP’s Furious Over University Funding Cuts”. The title pretty much captures the story at its crux: there is a lot of anger over the planned funding cuts which are in place to help te Government pay for the Gonski school reforms.
The story gives great detail into how much funding will be taken out from our Universities and why, for example:
“A 10 per cent discount on the upfront payments of HECS loans will be dumped at a value of $230 million and Student Start-Up Scholarships would need to be repaid once the student begins working.”
They also provide tables which neatly explain how much moeny will be saved from these cuts and where the cuts will occur:
|HECS discount abolished||$230m|
|Tax concession cap||$500m|