Why all the change to higher education?

Higher education is front and centre in the debate over the Federal Government's budget, says ANU Vice-Chancellor Professor IAN YOUNG AO. The Minister for Education, Christopher Pyne, has outlined a reform agenda which is probably the most significant in the history of higher education in Australia.

How higher education is funded

Undergraduate education for Australian students is partly funded by taxpayers through the Commonwealth Grant Scheme (CGS) and partly by students through the Higher Education Loan Program (HECS-HELP).

Students eligible for a HECS-HELP income contingent loan aren't required to pay any part of their portion of fees upfront.

These students don't begin to repaying their loan until their taxable income reaches more than $50,000 per annum.