Schools win in number of new measures for education

While the Government has abandoned its previous higher education policies, university fees are on the rise as are loan repayments.

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This year’s Federal Budget delivered a number of education measures:

  • Student fees set to increase 7.5% by 2021
  • Loan repayment threshold will drop from $55,000 to $42,000; repayment rate up 1%, increasing to 10% for salaries $119,882 and above
  • Most Australian permanent residents and New Zealanders will lose subsidy
  • Government will provide an extra $18.6bn in funding to schools over next 10 years.

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