Universities don’t control the labour market: we shouldn’t fund them like they do

Universities and colleges--Finance Universities tertiary funding Graduate outcomes employability Australia

From 2020, universities will receive a certain amount of government funding based on four performance measures: student drop-out rates; participation of Indigenous, lower socioeconomic status and regional and remote students; student satisfaction with the university experience; and employment outcomes.

The government finalised the funding model in recent days.

This model will determine more than A$80 million of extra university funding (on top of the A$7 billion annual government subsidies), which is based on population growth estimates in the Commonwealth Grant Scheme.

Read the full article on The Conversation.

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