Hey guys, Australia just introduced a budget which will allow unis to charge what they want. I shall provide a short summary: - Basically, a 3 year undergrad degree costs around $20-30k now. For the fancier courses (double degree or law etc.), its around $50k. If fees are deregulated, they will likely rise to US levels - i.e. $100k for a 3 year degree or $200k for a 5 year one (US folks please tell me if I get the $ wrong). - Right now, Aussies don't need to pay for their degree till we earn 51k/year. After the changes, we still don't need to pay for our degrees till we hit 50k/year. - Our debt used to be charged under the CPI rate. Now, its been predicted it'll be charged at around 6%. That means a degree which used to cost $25k, even without the additional rises, will now cost around $30k. While there isn't any doubt that the average person will prefer the old system, is there any merit to the new one? The government told us that deregulating fees will mean the unis have more money which will mean nicer facilities and more internationally competitive faculties...is this true in US considering your uni fees have always been deregulated? Also, do you think that tertiary education is a human right (as that is what the opposition is claiming) and do you think this measure will widen class inequality even though people don't have to pay back the money till they earn around the average Australian wage (50k)? Or, do you think this is just young people feeling they are entitled to everything? Cheers.