Australia has the world’s highest per capita per-student expenditure on higher education and a lack of an equitable system for student finance, according to a report released on Tuesday.
Australia’s higher education system spends almost $11,000 per student in fees and expenses, and this is on top of a national per-capita cost of $9,000, according the Education, Finance and Planning Committee (EFPC).
The committee says that the problem lies with the Australian Education Union (AEU), which represents more than 30,000 students in the country, which the report attributes to its political structure.
The EFPPC report says the AEA’s political structure gives the union “the power to decide what students receive in student aid”.
“This means that it can take the best student loan applications from students and then give it to the AEO, and not students themselves,” the report said.
“[The AEA] is the union that negotiates for the AEC (Australian Education Commission) and for the Commonwealth, and it’s the union which sets the fee structure and the eligibility criteria for student loans.”
The AEC oversees the fee-and-debit scheme for all students, but the EFPCC found that the AEE has the power to set the rules for the scheme.
“The AEE’s decision-making authority can determine how much students will pay for their education, with the AAE’s discretion,” the EFFPC report said, citing the example of the Australian Medical Education Loan Scheme.
While the EFA says the EEE’s role is to “protect students from debt”, the report found the Aee’s decision to allow students to borrow money is “not only unwise, but also unfair”.
The report said that if students were allowed to borrow from the ACE, they would be able to use the savings to pay for tertiary education.
But this “would not mean that students would be eligible for the loan, since they would not have a choice in the amount they borrow,” it said.
The report also cited concerns about the cost of higher education in Australia, where fees are higher than the cost in other countries.
A higher tuition fee could “prevent the Australian public from making a choice about the quality of education it offers”, the EFPC said.
“The higher tuition fees will also encourage students to choose more expensive tertiary courses, because they can save more money by going to tertiary schools,” the committee said.
Read more:A student’s debt burden: A report from the EFI The university sector is also struggling with a large student loan debt load.
In Australia, a student loan costs about $21,000 and can be paid off in two years.
With a total of $31 billion of debt, student loans are one of the highest in the world, according a report by the International Monetary Fund.
Student loans in Australia are also the largest in the OECD, the report showed.
It said the debt burden of students is high because of their higher cost of living, which has been increasing.
Read more Australia is one of only two countries in the developed world where the percentage of students who can’t repay their debt is higher than in the United States.
Other countries that have student debt issues include Japan, where 20 per cent of students are in debt, and Italy, where only 12 per cent can repay their loans.
Some countries have set up student debt forgiveness schemes, where students can receive loans from their parents.