Considering I've got a degree that has two years left, another that's starting next year (double major) and then a doctorate (if I manage to get that far) yeah it's a little daunting when looking at what i will need to repay. My HECS is almost paid off to date but the additions won't be nice.
But really, why shouldn't you pay for your education? You know what, universities struggle - they're not this huge cash cow that sits and rakes in the money.
Rising costs mean rising fees, I see no problem with that, you don’t need to be a uni student to know that the cost of everything goes up – why should uni fees stay the same?
The repayment threshold is going up too – that’s actually a bonus. Rather than starting to pay your loans back at $24,365 it will be at $35,000 and in 2005-06 it will rise yet again to $36,184. So despite the cost of university studies rising, the salary you need to be earning before you pay it back rises too.
You don’t need a Bachelors for most of today’s jobs, if today’s school leavers would look at the VET sector and on-job training as a path to advancement and step into the real world rather than doing a pissy arts degree that they will never be able to utilise, funding for universities would be used more effectively.
We’ve got it good here, so much better than other countries, better than the international students who come here to study and pay well above what we pay, why whinge because you’re educating yourself so you can become qualified for a higher-paying or higher-skilled position?
Now, if you’re still buggaring around and doing a degree that you won’t be able to use, or going to uni just because you don’t really know what to do and are just taking courses until you decide what you like... well then you have cause to worry.
There is incentive for education, higher paying jobs and a higher skilled workforce seem pretty good reasons to me.