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  1. #11
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    Quote Originally Posted by TeBe View Post
    How will the budget changes result in tertiary education being only available to the rich? Is the government cutting out fee help?
    By deregulating University fees so they can set their own course fees is going to make a tertiary education very expensive. Plus paying interest on Hecs/Help on top. The average school leaver will not be able to afford this.

    This will effect my son who is mid way through his degree. Plus when he finishes if he doesn't get work straight away I will somehow have to support him. I will lose FTB B when my foster son turns 6. I hope this does not mean I will no longer be able to care for him. By that time I will be 52 so maybe I'll be able to get a job for the "over 50's".

    Just hoping with all my might that the Senate stops most of this getting through.
    Last edited by WiseOldOwl; 19-05-2014 at 09:28.

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    KaraB  (19-05-2014)

  3. #12
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    Quote Originally Posted by HarvestMoon View Post
    How could someone with nothing afford a $200,000 hecs debt at 6% interest (or more by the time our children are of age more than 6%)?

    Sent from my GT-I9505 using The Bub Hub mobile app
    But you have to be earning a certain level of income before you have to pay it back, is that system still going to be in place after this budget is passed?

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  5. #14
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    Quote Originally Posted by WiseOldOwl View Post
    By deregulating University fees so they can set there own course fees is going to make a tertiary education very expensive. Plus paying interest on Hecs/Help on top. The average school leaver will not be able to afford this.

    What also concerns me is what this will mean for some smaller, more expensive (but still essential) fields of study. Students studying something like chemistry, physics or geology require expensive lab facilities and specialised support staff. If there are very few students doing these courses (as is currently the case), the per-student cost will be prohibitive (and hence even fewer students will do these courses). Why would a uni even bother to offer these courses which they will struggle to recoup their money on, when they can jam-pack (cheap) lecture theatres full of law or business students? It doesn't bode well for higher education in the sciences.

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  7. #15
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    Well, we already live on a tight budget, so I imagine it'll just get tighter once the cost of goods and services rises as a consequence of the fuel price increase.

    If anyone can say they are not concerned about this budget, no matter what their personal financial situation may be, they need to think outside the box and look at the big picture.

    A bit of empathy for those who are genuinely affected wouldn't go astray either. There are a lot of assumptions being made about people who rely on government assistance, many of which are totally unfair and ignorant.

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    ChickyBee  (19-05-2014),dancingchipmunk  (19-05-2014),HappyBovinexx  (19-05-2014),HarvestMoon  (19-05-2014),KaraB  (19-05-2014),Lauzy  (19-05-2014),LoveLivesHere  (19-05-2014),ourbradybunch  (19-05-2014),Purple Lily  (19-05-2014)

  9. #16
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    Quote Originally Posted by TeBe View Post
    But you have to be earning a certain level of income before you have to pay it back, is that system still going to be in place after this budget is passed?
    At this stage the threshold has been lowered so you will begin paying it back sooner.
    How is the average person meant to ever pay back $200k at 6%? Will it become a choice of buying a house or having a uni degree in the future?

    Fee increases are inevitable, so we start now at $200k at 6% but what will those figures be in 2 years, 5 years, 10 years, etc? That's on top of high unemployment, loss of penalty rates, benefits, etc. Which will all have an impact on a persons ability to make repayments.


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  11. #17
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    Quote Originally Posted by TeBe View Post
    But you have to be earning a certain level of income before you have to pay it back, is that system still going to be in place after this budget is passed?
    When they start earning $50,000 I'm pretty sure I read.

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    I will not be going to the Dr for myself anymore. I will be going to work sick and so will a lot of other ppl. My mental health will also suffer which will affect everyone around me too.
    Think of all the mental health sufferers unable to afford their meds....Australia is going to be a dangerous place. Watch out TA! lol
    My kids won't go without, but as I don't smoke or drink or gamble...all I have to give up is my mental health to allow our budget to stretch.

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  14. #19
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    In regards to University costs, using the US as an example -

    "the average cost of studying at a four-year private (non-profit) university in the US is now US$28,500 per year.

    Of course, that’s only the average. At the top end are universities such as Cornell, which in 2011-12 is charging undergraduate fees of $41,541. Additional budget advice includes $7,800 per year for accommodation, $5,354 for food, $800 for books and resources, and $1,630 for other expenses, making a total of $57,125.
    That means one year alone would cost significantly more than the average US annual salary, which was less than $40,000 in 2010. Multiply by four for the full course and, for most people at least, going to university in the US starts to look about as realistic as crashing at the White House while you look for a place of your own."

    Source: http://www.topuniversities.com/stude...-cost-study-us

    That is a hell of a lot of money. Even if the course is covered to be paid back at a later date. What about the other costs involved? I have one child right now. This will be even harder for families with multiple children.

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  16. #20
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    I was going to attempt uni to get my teaching degree but it doesn't look like i can i am the sole breadwinner in the house as my hubby cannot work due to Aspergers.


 

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