How HECS became a debt trap
7am
00:00
The Changes in Government Funding for Higher Education
The government uses similar market-based measures for university funding that they do for Hexdets. When inflation goes up, students have to pay more but when it comes to the funding the government provides to universities, the cap stays the same. The coalition had hoped by jacking up the price of the degrees and enforcing higher student contributions would deter people from studying them. But what we're seeing now is that universities are actually saying, "If we offer more of those and we do them cheaply, that's going to be our new cash cow"
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